EUR/USD Price Analysis: Consolidates near 1.0800 with bullish trend under soft pressure

EUR/USD was seen hovering near the 1.0800 area after posting mild losses on Wednesday.
Despite intraday softness, the broader trend remains bullish, supported by upward-sloping moving averages.
MACD shows a sell signal while support lies at 1.0770 and resistance at 1.0820 and beyond.

Patricio Martín FXStreet

EUR/USD trades with slight weakness on Wednesday's session after the European close, seen hovering around the 1.0800 zone. The pair remained within its daily range, reflecting limited directional conviction, but still holding above key moving averages that keep the broader bullish trend intact.

From a technical standpoint, the pair is supported by the 20-day Simple Moving Average at 1.0773, along with the 100-day and 200-day SMAs at 1.0520 and 1.0729, respectively—all pointing higher. The 30-day EMA and SMA also reinforce the bullish structure, with the pair consistently trading above these dynamic supports.

However, some mixed signals arise from the oscillators. The Relative Strength Index (RSI) sits at 57, reflecting neutral momentum, while the Average Directional Index prints at 29, suggesting moderate trend strength. The Moving Average Convergence Divergence (MACD), despite remaining above the signal line, has turned lower and now issues a soft sell signal. Meanwhile, the combined RSI/Stochastic indicator confirms a neutral stance.

Looking at levels, initial support comes at 1.0773, followed by 1.0765. On the upside, resistance is seen around 1.0820 and later near 1.0853, where bulls may encounter further challenges. Until a clear breakout materializes, the pair may continue consolidating within this range.

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 declines below $4,050 as US PCE inflation supports Fed hike bets

Gold price declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday. Also, Federal Reserve New York President John Williams and Fed Bank of Minneapolis President Neel Kashkari are set to speak.

Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday. Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

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.