EUR/USD Price Analysis: Bulls approach critical resistance near 100-day SMA

EUR/USD posts moderate gains, nearing a key resistance zone.
RSI climbs in positive territory, signaling to strengthen bullish momentum.
Bulls appear poised for another retest of the 100-day SMA after failing to break through.

Patricio Martín FXStreet

The EUR/USD pair extended its upward momentum on Tuesday, inching closer to the crucial 100-day Simple Moving Average (SMA). After a solid advance in recent sessions, the pair now finds itself testing familiar resistance levels. Although buyers haven’t yet conquered this barrier, recent price action suggests that bulls may be gearing up for another attempt.

Technical indicators highlight growing bullish momentum. The Relative Strength Index (RSI) has advanced deeper into positive territory, suggesting that buying interest remains firm. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram prints flat green bars, reflecting a pause in momentum but hinting at a potential bullish continuation if resistance breaks.

In the near term, a decisive break above the 100-day SMA could open the door for further gains, with the next resistance potentially around the 1.0550 region. However, if the pair faces another rejection at this level, the bullish narrative may begin to fade, possibly sending the pair back toward support around the 20-day SMA. The next few sessions will be crucial to determine whether buyers can maintain their hold or if the bears will regain control.

EUR/USD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

GBP/USD climbs to two-day highs past 1.3200

GBP/USD picks up extra pace and surpasses the 1.3200 threshold on Thursday. That said, Cable manages to shrug off initial weakness and regain balance on the back of the fresh selling pressure hurting the Greenback.

EUR/USD pushes harder; focus is back to 1.1400

EUR/USD’s daily recovery now gathers steam, sending spot to the vicinity of the key 1.1400 barrier on Thursday. The pair’s bounce follows some decent loss of momentum in the US Dollar in the wake of the release of US PCE data and the weekly labour market readings.

Gold bounces from 2026 lows, remains pressured

Gold reverses part of its recent weakness on Thursday, managing to reclaim the area just above the $4,000 mark per troy ounce. The precious metal regains traction on the back of renewed selling interest in the Greenback, although expectations of rate hikes by the Fed are likely to keep buyers on the sidelines for now.

Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

Crypto Today: Bitcoin, Ethereum, and Ripple defend their last line of defenses

The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers.

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.