EUR/USD Price Analysis: Bulls struggle as pair retreats from 100-day SMA

EUR/USD posts mild gains but faces rejection near the 100-day SMA.
RSI remains in positive territory but shows signs of fading bullish momentum.

Patricio Martín FXStreet

The EUR/USD pair started the week on a cautiously positive note, climbing toward recent highs before encountering strong resistance near the 100-day Simple Moving Average (SMA). After briefly reaching the 1.0530 area, the pair lost momentum and pulled back toward the 1.0470 zone. This retreat suggests that bullish efforts are beginning to stall, with sellers gradually regaining control.

Technical signals highlight this shift in sentiment. The Relative Strength Index (RSI) remains in positive territory but is flattening, indicating that bullish momentum may be running out of steam. The Moving Average Convergence Divergence (MACD) histogram shows flat green bars, reinforcing the notion of weakening upward pressure. Without a decisive break above the 100-day SMA, bulls could struggle to maintain control.

In the short term, the key focus will be on whether the pair can defend support around the 1.0450 zone. A break below this level could invite further losses, pushing the pair toward the 20-day SMA. On the upside, a clear breach of the 100-day SMA would be required to revive bullish momentum and open the door for a sustained recovery. For now, the technical indicators suggest that time may be running out for the bulls to regain traction.

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.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.