EUR/USD Price Analysis: Euro extends losses but 100-200 SMA crossover offers support

EUR/USD was seen trading around the 1.0820 area after the European session, falling for a third consecutive day.
Despite shedding over 1% this week, the recent bullish crossover between the 100- and 200-day SMAs may provide a strong base.
Momentum indicators turn bearish, with RSI dropping sharply and MACD printing a fresh red bar.

Patricio Martín FXStreet

EUR/USD declined on Friday’s session after the European close, moving near the 1.0820 zone as the pair tallied a third straight day in the red. After a strong rally earlier in the month, the pair has lost over 1% this week, with momentum indicators now flashing bearish signals. Still, structural support remains firm as key moving averages align beneath current price levels.

The Relative Strength Index (RSI) has sharply retreated within positive territory and now hovers near neutral, hinting at fading bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has shifted direction, printing a fresh red bar, which confirms weakening momentum in the short term.

From a broader perspective, a bullish crossover between the 100-day and 200-day Simple Moving Averages has taken shape this week, forming a solid technical floor near the 1.0730 region. This development helps cushion the downside, even if sellers continue to weigh on the pair in the near term.

Looking ahead, immediate support is seen at the 1.0780-1.0730 zone, where the moving average crossover occurred. A break below could expose further losses toward 1.0660. On the upside, resistance now sits at 1.0900, followed by 1.1000 should buyers regain control.

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 recovers to 1.3450 region, looks to post weekly gains

EUR/USD stays below 1.1450 after US data

Gold rebounds from July lows, struggles to reclaim $4,000

CLARITY Act approval odds sink fast ahead of Congressional hearing

The United States (US) House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Week ahead – Could technology earnings revive equities as geopolitical risks linger?

Oil prices rise, but the dollar posts losses as Middle East tensions persist. US earnings, the ECB and UK newsflow dominate next week’s agenda. US equity markets face a pivotal test as focus shifts to technology earnings.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.