EUR/USD Price Analysis: A test of 1.1420 appears closer

EUR/USD keeps the firm note in the 1.1365/70 band on Tuesday.
A move north should see the 1.14 neighbourhood revisited.

Pablo Piovano FXStreet

EUR/USD is prolonging the rebound from Friday’s lows near 1.1250, managing well to retake last week’s tops in the 1.1370/80 band.

If the buying bias picks up pace, there is increasing chances of a move to the 1.1400 barrier ahead of June’s high at 1.1422.

Further out, as long as the 200-day SMA, today at 1.1050, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1357
Today Daily Change	41
Today Daily Change %	0.11
Today daily open	1.1344

Trends
Daily SMA20	1.126
Daily SMA50	1.1128
Daily SMA100	1.1047
Daily SMA200	1.1052

Levels
Previous Daily High	1.1375
Previous Daily Low	1.13
Previous Weekly High	1.1371
Previous Weekly Low	1.1243
Previous Monthly High	1.1422
Previous Monthly Low	1.1097
Daily Fibonacci 38.2%	1.1346
Daily Fibonacci 61.8%	1.1329
Daily Pivot Point S1	1.1305
Daily Pivot Point S2	1.1265
Daily Pivot Point S3	1.123
Daily Pivot Point R1	1.1379
Daily Pivot Point R2	1.1414
Daily Pivot Point R3	1.1453

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.