EUR/USD Price Analysis: Buyers take a breather as consolidation phase begins

EUR/USD was seen trading around the 1.0850 area after the European session, correcting lower after a strong rally.
Overbought conditions led to a pullback, with the pair possibly consolidating between 1.0800-1.0850 before resuming its uptrend.

Patricio Martín FXStreet

EUR/USD retreated after reaching fresh highs, trading near the 1.0850 zone on Thursday after the European session. Following a strong bullish run, buyers appear to be taking a pause, allowing the pair to cool off and digest recent gains. This pullback comes as traders assess whether the next leg higher is imminent or if further consolidation is needed.

From a technical standpoint, the Relative Strength Index (RSI) has pulled back sharply but remains near overbought levels, suggesting that the recent correction is part of a broader consolidation rather than a trend reversal. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is printing flat green bars, signaling that bullish momentum has stalled but is not yet reversing.

The key support zone stands between 1.0800 and 1.0850, where buyers could step back in to defend the uptrend. On the upside, resistance is located around 1.0900, with a break above potentially reigniting bullish momentum. If the pair holds within the current range, consolidation may continue before another attempt at higher levels.

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 struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.

XRP rises alongside peers as ETFs attract inflows

Ripple (XRP) is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin (BTC), which has crossed above the pivotal $70,000 level, and Ethereum (ETH), which is holding above $2,000.

First Venezuela, now Iran: The US-China energy war escalates

At first glance, the latest escalation involving the United States with both Iran and Venezuela looks like another chapter in a long-running geopolitical story. But viewed through a broader strategic lens, something else may be unfolding: Energy.

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.