EUR/USD Price Analysis: Bulls take a breather after last week’s sharp rally

EUR/USD was seen trading near the 1.0830 area after the European session, posting mild gains on Monday.
Following a strong rally of over 4% last week, the pair enters a consolidation phase, potentially stabilizing above the 200-day SMA near 1.0780.
Technical indicators remain in positive territory, though the RSI is slightly declining from overbought conditions, signaling a possible slowdown in momentum.

Patricio Martín FXStreet

The EUR/USD pair extended its bullish momentum on Monday, trading near the 1.0830 zone after the European session. Despite the mild gains, the pair appears to be entering a consolidation phase after last week’s sharp surge, during which it added more than 4%. The recent slowdown could indicate that bulls are reassessing their positions, with technical indicators suggesting a potential cooling-off period.

The Relative Strength Index (RSI) remains in overbought territory but has started to decline slightly, hinting at fading upside pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to print rising green bars, reflecting sustained buying interest, though at a moderating pace. Given this setup, further gains may be capped in the short term unless fresh catalysts emerge.

On the support side, the key level to watch is the 200-day Simple Moving Average (SMA) at 1.0780, which may act as a floor for price action. A decisive drop below this level could see the pair correcting toward 1.0750. On the upside, immediate resistance is seen around the 1.0850 zone, with stronger hurdles near 1.0900.

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 holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced 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.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.