EUR/USD Price Analysis: A test of 1.0900 remains well in place

EUR/USD sees its recent strong advance momentarily halted.
The resumption of the bullish bias should target the 1.0900 level.

Pablo Piovano FXStreet

EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday.

Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further north of the so far YTD high at 1.0867 (January 13) should appear the round level at 1.0900 in the short-term horizon.

Furthermore, while above the short-term support line near 1.0550, the pair should maintain its bullish outlook.

In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.082
Today Daily Change	64
Today Daily Change %	-0.29
Today daily open	1.0852

Trends
Daily SMA20	1.0647
Daily SMA50	1.0485
Daily SMA100	1.0182
Daily SMA200	1.0311

Levels
Previous Daily High	1.0867
Previous Daily Low	1.0731
Previous Weekly High	1.071
Previous Weekly Low	1.0483
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0815
Daily Fibonacci 61.8%	1.0783
Daily Pivot Point S1	1.0767
Daily Pivot Point S2	1.0681
Daily Pivot Point S3	1.0631
Daily Pivot Point R1	1.0903
Daily Pivot Point R2	1.0953
Daily Pivot Point R3	1.1039

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 struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but holds above 1.1550 in the American session, following Thursday's rebound. The pair holds near its intraday high as the US Dollar remains pressured by hopes the Middle East conflict will soon come to an end.

GBP/USD hovers around 1.3400 as investors await war clarity

GBP/USD remains near its daily open, not far from 1.3400, in the second half of Friday's session. The US Dollar lost its previous intraday strength and weakens as investors await clarity on the US-Iran war.

Gold stabilizes above $4,200 as wait-and-see continues

After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful about a resolution to the Middle East conflict.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

SpaceX launches 24% higher at Friday debut

Space Exploration Technologies (SPCX), aka SpaceX, zoomed 24% higher soon after the start of its first IPO trading day on Friday. Shares of the rocket and artificial intelligence (AI) company founded by Elon Musk began trading at about 11:46 am EST and quickly gained speed.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.