EUR/USD Price Analysis: Extra gains in the pipeline above 1.0700

EUR/USD regains the smile after two daily pullbacks in a row.
Another test of the 2023 high near 1.0930 appears likely.

Pablo Piovano FXStreet

EUR/USD picks up upside traction and reclaims the area beyond 1.0900 the figure on Monday.

Bets for further advance are seen rising while above the 2-month support line around the 1.0700 mark.

Indeed, the continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 sooner rather than later.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0310.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0896
Today Daily Change	61
Today Daily Change %	0.29
Today daily open	1.0865

Trends
Daily SMA20	1.077
Daily SMA50	1.0624
Daily SMA100	1.0277
Daily SMA200	1.0312

Levels
Previous Daily High	1.09
Previous Daily Low	1.0838
Previous Weekly High	1.093
Previous Weekly Low	1.0835
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0862
Daily Fibonacci 61.8%	1.0877
Daily Pivot Point S1	1.0835
Daily Pivot Point S2	1.0805
Daily Pivot Point S3	1.0773
Daily Pivot Point R1	1.0898
Daily Pivot Point R2	1.093
Daily Pivot Point R3	1.096

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 climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly 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.