EUR/USD Price Analysis: Extra gains seen above 1.2200

EUR/USD navigates the area of new monthly highs near 1.2180.
Further north is located the February’s top at 1.2243.

Pablo Piovano FXStreet

EUR/USD managed to clinch new monthly tops near 1.2180 earlier in the session, extending the recovery from last week’s lows in the 1.1985/80 band.

The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the 1.2200 neighbourhood. Above this level, the February’s high at 1.2243 emerges as the immediate resistance for EUR-bulls.

The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1946.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2164
Today Daily Change	40
Today Daily Change %	-0.02
Today daily open	1.2167

Trends
Daily SMA20	1.2039
Daily SMA50	1.1948
Daily SMA100	1.2048
Daily SMA200	1.195

Levels
Previous Daily High	1.2172
Previous Daily Low	1.2053
Previous Weekly High	1.2172
Previous Weekly Low	1.1986
Previous Monthly High	1.215
Previous Monthly Low	1.1713
Daily Fibonacci 38.2%	1.2126
Daily Fibonacci 61.8%	1.2098
Daily Pivot Point S1	1.209
Daily Pivot Point S2	1.2012
Daily Pivot Point S3	1.1971
Daily Pivot Point R1	1.2208
Daily Pivot Point R2	1.2249
Daily Pivot Point R3	1.2327

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

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.