Risk reversals on EUR/USD, a gauge of calls to puts on the common currency, plunged to their lowest levels since October on Tuesday, indicating investors are adding bets to position for further weakness in the euro.

One-month risk reversals fell to -0.55, the lowest level since Oct. 28. The negative number indicates the demand for put options (bearish bets) is higher than that for calls.

The common currency could suffer a deeper drop as anticipated by investors if the coronavirus-led risk aversion worsens, strengthening the haven demand for the US Treasuries.

At press time, the futures on the S&P 500 are reporting a 0.35 percent drop. As a result, EUR/JPY is flashing green near 118.80 and helping EUR/USD stay sidelined just below 1.08.

Apart from the broader market sentiment, the pair could take cues from the Eurozone Current Account and Construction Output data scheduled for release during the European trading hours.

Technical levels

EUR/USD

Overview
Today last price	1.0798
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	1.0796

Trends
Daily SMA20	1.0969
Daily SMA50	1.1069
Daily SMA100	1.1064
Daily SMA200	1.1111

Levels
Previous Daily High	1.0838
Previous Daily Low	1.0785
Previous Weekly High	1.0958
Previous Weekly Low	1.0827
Previous Monthly High	1.1225
Previous Monthly Low	1.0992
Daily Fibonacci 38.2%	1.0806
Daily Fibonacci 61.8%	1.0818
Daily Pivot Point S1	1.0775
Daily Pivot Point S2	1.0754
Daily Pivot Point S3	1.0722
Daily Pivot Point R1	1.0828
Daily Pivot Point R2	1.086
Daily Pivot Point R3	1.0881

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.