EUR/USD Price Analysis: A drop to the 2017 low near 1.0340 looks likely

EUR/USD drops further and breaks below 1.0500.
Extra losses could now extend to the 1.0340 area.

Pablo Piovano FXStreet

EUR/USD remains well into the negative territory and tests lows in the 1.0470 zone, an area last traded back in January 2017.

The downside momentum in the pair remains well and sound and now the door looks wide open to a potential visit to the 2017 low at 1.0340 (April 3) sooner rather than later.

While below the 2-month line around 1.1000, extra losses remain well on the cards for the pair.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0489
Today Daily Change	94
Today Daily Change %	-0.63
Today daily open	1.0556

Trends
Daily SMA20	1.0842
Daily SMA50	1.0989
Daily SMA100	1.1159
Daily SMA200	1.1394

Levels
Previous Daily High	1.0655
Previous Daily Low	1.0514
Previous Weekly High	1.0936
Previous Weekly Low	1.0761
Previous Monthly High	1.1233
Previous Monthly Low	1.0806
Daily Fibonacci 38.2%	1.0568
Daily Fibonacci 61.8%	1.0601
Daily Pivot Point S1	1.0496
Daily Pivot Point S2	1.0435
Daily Pivot Point S3	1.0355
Daily Pivot Point R1	1.0636
Daily Pivot Point R2	1.0715
Daily Pivot Point R3	1.0776

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 slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, closes in on $5,400

Gold benefits from intense risk-aversion on Monday and climbs toward $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

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.