EUR/USD Price Analysis: Bulls and bears battle it out at key structure

EUR/USD bulls eye up a key resistance structure.
The bears need to get back below 0.9850.

Ross J Burland FXStreet

EUR/USD's daily chart is indeed bearish while below the trendline resistance. The price is on the verge of a break of structure as per the triangle coil as it moves in on the resistance in a creeping bullish short-term trend.

EUR/USD daily chart

A move below 0.9700 opens the risk of a test of 0.9535 for the foreseeable future. A break of the resistance, however, puts 1.0000 back in focus and 1.0200 thereafter.

EUR/USD H1 chart

The hourly chart shows that the price is stalling within the W-formation but should bulls commit at 0.9850, we could see the makings of a breakout structure to cement the bullish case going forward.

DXY technical analysis

The US dollar is leaning on a key area of support within the bullish flag on a daily time frame. The rising support could see the greenback bust back to life and hinder the prospects of a stronger correction in the gold price.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

GBP/USD rebounds above 1.3300 ahead of UK Retail Sales data

The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions in the Middle East. Traders brace for the release of the UK Retail Sales data, which will be published later on Friday.

EUR/USD rises as US Dollar weakens despite rising Middle East tensions

EUR/USD gains ground after posting modest losses in the previous day, trading around 1.1380 during the Asian hours on Friday. However, the potential upside for the pair could be limited as the US Dollar may regain strength, largely driven by escalating conflicts in the Middle East that threaten to push crude oil prices higher.

Gold retains bearish bias heading into the Fed week

Gold is nursing heavy losses incurred on Thursday, keeping its range near $4,050 early Friday. Despite the recent retracement, Gold remains on track to register its first weekly gain in three.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

Bitcoin stalls near 50-day EMA, Ethereum extends losses, XRP struggles at key resistance

Bitcoin stalls near the 50-day Exponential Moving Average at $65,145 after a mild correction earlier this week. Meanwhile, Ethereum and Ripple face rejection at key resistance levels, keeping the short-term technical outlook bearish.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.