EUR/USD Price Analysis: Decline looks supported near 1.1060

EUR/USD is bouncing of earlier 2020 lows at 1.1075.
The 100-day SMA/support line near 1.1060 act as solid support.

Pablo Piovano FXStreet

EUR/USD is struggling for direction on Wednesday, managing to regain some poise after bottoming out in new yearly lows at 1.1075.

If sellers remain in control, the pair could attempt a visit to the 1.1070/65 band, where converge the 100-day SMA and the 3-month support line.

The offered bias in the spot should alleviate somewhat above the 55-day SMA, today at 1.1090.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1085
Today Daily Change	19
Today Daily Change %	-0.02
Today daily open	1.1087

Trends
Daily SMA20	1.1143
Daily SMA50	1.1101
Daily SMA100	1.1072
Daily SMA200	1.1135

Levels
Previous Daily High	1.1118
Previous Daily Low	1.1086
Previous Weekly High	1.1173
Previous Weekly Low	1.1086
Previous Monthly High	1.124
Previous Monthly Low	1.1002
Daily Fibonacci 38.2%	1.1098
Daily Fibonacci 61.8%	1.1106
Daily Pivot Point S1	1.1076
Daily Pivot Point S2	1.1065
Daily Pivot Point S3	1.1044
Daily Pivot Point R1	1.1108
Daily Pivot Point R2	1.1129
Daily Pivot Point R3	1.114

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data

The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles to lure buyers amid UK political drama, BoE easing bias

The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade just below the 1.3500 psychological mark, nearly unchanged for the day, and seem vulnerable to slide further.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI 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.