EUR/USD moves to session highs around 1.1820

Spot gained over a cent on Tuesday, re-tested 1.18 and above.
DXY plummeted below 94.00, 3-week lows.
US CPI, retail sales next on the docket.

Pablo Piovano FXStreet

The shared currency is extending its recent gains on Wednesday, lifting EUR/USD to the 1.1815/20 region, or fresh multi-week peaks.

EUR/USD focused on ECB-speak, US data

The pair is up for the sixth session in a row today, navigating the area of multi-week tops at the same time and shifting its focus on the 1.1840 area, daily highs in late October just before the latest ECB meeting.

On the USD-side, the US Dollar Index (DXY) fell below the 94.00 handle yesterday, recording at the same time fresh 3-week lows, as uncertainty seems to have returned to the US political scenario.

In the data space, ECBs P.Praet is due to speak. Across the pond, the greenback should stay under pressure in light of the publication of October’s inflation figures tracked by the CPI, retail sales during the same period and the NY Empire State manufacturing gauge. In addition, Chicago Fed C.Evans (voter, dovish) and Boston Fed E.Rosengren (2019 voter, hawkish) are also due to speak.

EUR/USD levels to watch

At the moment, the pair is up 0.14% at 1.1814 and a breakout of 1.1837 (high Oct.27) would open the door to 1.1860 (high Oct.20) and then 1.1882 (high Oct.12). On the flip side, the next support emerges at 1.1738 (100-day sma) seconded by 1.1693 (21-day sma) and finally 1.1663 (10-day sma). In addition, FXStreet’s Technical Confluences Indicator (TCI) is noting an important support zone in the 1.1760 area, where sit a pivot point and a monthly Fibo retracement.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD remains unable to gather upside traction

EUR/USD keeps its bearish sentiment well in place following Tuesday’s deep decline, retesting the 1.1640 region on the back of humble losses in the US Dollar. In the meantime, investors should shift their attention to Thursday’s Initial Jobless Claims and comments from Fed officials.

GBP/USD trims gains, recedes toward 1.3420

Following its risk-linked peers, GBP/USD now faces some selling pressure and retreats toward the 1.3420 zone as US markets draw to a close on Wednesday. Moving forward, the British Pound is expected to closely follow Thursday’s data releases in the UK, including GDP figures.

Gold hits fresh record highs, targets $4,650

Gold extended its recovery on Wednesday, quickly shrugging off Tuesday’s setback and pushing to fresh all-time highs near $4,650 per troy ounce. The rally in the yellow metal was underpinned by a softer US Dollar, falling US Treasury yields, and growing expectations that the Federal Reserve could deliver additional rate cuts.

Ethereum Price Forecast: ETF and staking inflows drive ETH above $3,300

US-listed spot Ethereum (ETH) exchange-traded funds (ETFs) recorded about $130 million in net inflows on Tuesday, their largest in nearly a week, per SoSoValue data. BlackRock's ETHA recorded the largest inflow, attracting $53.3 million after four consecutive days of outflows.

US economic outlook: January 2026

Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy.

Hyperliquid gains momentum amid staking, Open Interest rebound

Hyperliquid is showing renewed strength, trading above $26.00 at the time of writing on Wednesday, as bulls regain control following a period of consolidation. The rebound is largely supported by improving on-chain metrics and growing derivatives market activity.