EUR/USD Price Analysis: Bulls reclaim momentum as pair nears November highs

EUR/USD was seen trading around the 1.0900 area after the European session, extending its recent rally.
Following a brief pause on Monday, the pair surged by more than 0.70%, approaching its highest levels since November 2024.
Technical indicators remain in overbought territory, signaling potential exhaustion, while key resistance levels lie ahead.

Patricio Martín FXStreet

The EUR/USD pair regained bullish traction on Tuesday after the European session, advancing past the 1.0900 zone and continuing its strong upward trend. After stalling briefly on Monday, buyers re-entered the market, fueling a more than 0.70% rally. The pair now hovers near its highest levels since November 2024, with market momentum firmly favoring the bulls.

From a technical perspective, the Relative Strength Index (RSI) has climbed further into overbought territory, rising sharply to indicate strong buying pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to print rising green bars, reflecting sustained bullish momentum. However, these overbought conditions suggest a possible correction could be on the horizon if buyers start to take profits.

Looking at key levels, immediate resistance is now seen near the 1.0930 zone, a break of which could open the door toward the 1.0970-1.1000 range. On the downside, support is aligned near the 1.0850 region, followed by the 1.0800 psychological level, where the 200-day Simple Moving Average (SMA) is positioned.

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 stays consolidative around 1.1370

EUR/USD regains momentum and trades with modest gains around 1.1370 ahead of the opening bell in Asia. The pair sets aside three daily declines in a row and picks up pace on the back of the lacklustre performance of the US Dollar, particularly after US data failed to reinforce Fed rate hike bets.

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.

Three reasons to avoid buying Bitcoin at $60,000

Bitcoin (BTC) hovers around $62,000 on Thursday, recovering from a brief dip below $60,000 the previous day. Although dip buyers anticipate a rebound in BTC from its psychological support zone, bearish signals from the upcoming Bitcoin options expiry, Exchange Traded Funds (ETFs) outflows, and large-wallet investor activity warn that selling could snowball in the coming period.

Micron prints perfect, and now the chart has to answer

Memory’s biggest name just delivered the cleanest quarter of its life, and the most interesting thing about it is that the stock isn’t sure what to do with it. Micron closed out fiscal Q3 with revenue of $41.5 billion, up 346% on the year, a fifth straight record. Gross margin came in at 84.9%, up from 39% the same quarter a year ago. Earnings landed at $25.11 against a Street sitting near $20.49.

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.