EUR/USD Price Analysis: Bearish impulse targets monthly low around 1.2000

EUR/USD stays mildly offered near intraday low, extends pullback from 200-HMA, two-week-old horizontal hurdle.
1.2030-25 can offer immediate support, 100-HMA adds to the upside filters.

Anil Panchal FXStreet

EUR/USD drops to 1.2050 while printing 0.10% intraday losses amid Thursday’s Asian session.

The major currency pair marked an uptick to 1.2113 the previous day before taking a U-turn below 200-HMA and breaking down a horizontal hurdle, earlier support, established since February 18.

The following losses extended below 100-HMA wherein the bearish MACD signals add to the EUR/USD sellers’ hopes.

Even so, a horizontal area from Monday, around 1.2030-25, can act as a buffer before recalling the 1.2000 psychological magnet on the chart. It should, however, be noted that further weakness below 1.2000 needs to break the monthly low of 1.1990 to eye the previous month’s low near 1.1950.

Alternatively, 100-HMA and the stated horizontal region, respectively around 1.2080 and 1.2090, can test the pair’s short-term rebound.

If at all the EUR/USD bulls manage to cross 1.2090, a 200-HMA level of 1.2117 will validate the quote’s fresh rally towards February’s top of 1.2243.

EUR/USD hourly chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price	1.2051
Today Daily Change	-11 pips
Today Daily Change %	-0.09%
Today daily open	1.2062

Trends
Daily SMA20	1.2097
Daily SMA50	1.2141
Daily SMA100	1.2034
Daily SMA200	1.1813

Levels
Previous Daily High	1.2113
Previous Daily Low	1.2043
Previous Weekly High	1.2243
Previous Weekly Low	1.2065
Previous Monthly High	1.2243
Previous Monthly Low	1.1952
Daily Fibonacci 38.2%	1.207
Daily Fibonacci 61.8%	1.2086
Daily Pivot Point S1	1.2032
Daily Pivot Point S2	1.2002
Daily Pivot Point S3	1.1962
Daily Pivot Point R1	1.2103
Daily Pivot Point R2	1.2143
Daily Pivot Point R3	1.2174

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD remains stronger above 1.3500 following Trump’s State of the Union

GBP/USD remains in the positive territory for the fourth successive session, trading around 1.3510 during the Asian hours on Wednesday. The pair appreciates as the US Dollar remains subdued following US President Donald Trump’s first State of the Union address of his second administration before a joint session of Congress.

Gold re-attempts $5,200 amid tariffs and geopolitical woes

Gold buyers are back in the game early Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.