EUR/USD Price Analysis: A visit to 1.1000 seems to be shaping up

EUR/USD advances to new highs around 1.0970 on Friday.
The continuation of the upside retargets the 1.1000 hurdle.

Pablo Piovano FXStreet

EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970.

Further gains remain well on the table for the time being. Against that, the pair is expected to challenge the psychological barrier at 1.1000 once the June peak at 1.0970 (June 16) is cleared.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0540.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0951
Today Daily Change	37
Today Daily Change %	0.05
Today daily open	1.0945

Trends
Daily SMA20	1.0757
Daily SMA50	1.0878
Daily SMA100	1.0806
Daily SMA200	1.0538

Levels
Previous Daily High	1.0953
Previous Daily Low	1.0804
Previous Weekly High	1.0787
Previous Weekly Low	1.0667
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0896
Daily Fibonacci 61.8%	1.0861
Daily Pivot Point S1	1.0848
Daily Pivot Point S2	1.0752
Daily Pivot Point S3	1.07
Daily Pivot Point R1	1.0997
Daily Pivot Point R2	1.1049
Daily Pivot Point R3	1.1146

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 seems fragile below 1.1700 as Middle East war boosts energy prices

The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States-Israel war with Iran have increased the risks of higher inflation for the Old Continent.

GBP/USD hovers around 1.3400 with bearish pressure intact

GBP/USD edges higher after three days of losses, trading around 1.3400 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold stays bullish as Iran war continues to spur safe-haven flows

Gold is finding renewed bids in Asian trades on Tuesday, making another attempt to regain the $5,400 level amid persistent demand for safe-haven assets as the Iran war extends. A softer risk tone remains in play as US President Donald Trump continues to threaten deeper escalation to the ongoing war with Iran, warning that a “big wave” is yet to come.

Top Crypto Gainers: Near Protocol, Virtuals Protocol, and Morpho lead market recovery

Near Protocol, Virtuals Protocol, and Morpho are leading the market recovery with double-digit gains over the last 24 hours. Technically, NEAR extends the breakout of the falling channel pattern, VIRTUAL holds above the 50-day EMA, while MORPHO tests a crucial resistance.

The market is not panicking it is repricing the probability distribution of Oil and time

At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.