EUR/USD Price Analysis: Extra losses remain on the table

EUR/USD collapses below the 1.0300 yardstick.
A probable drop to parity slowly emerges on the horizon.

Pablo Piovano FXStreet

EUR/USD plummets to levels last seen back in December 2002 around 1.0280 on turnaround Tuesday.

Recession fears seem to dominate the sentiment around investors and keep the mood around the European currency well depressed. Against that gloomy backdrop, further losses should not be ruled out in the near term, with the next target of note at the parity level. Down from here comes the December 2002 low at 0.9859 (December 2)

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1092.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0294
Today Daily Change	168
Today Daily Change %	-1.22
Today daily open	1.0421

Trends
Daily SMA20	1.0522
Daily SMA50	1.0566
Daily SMA100	1.0793
Daily SMA200	1.1101

Levels
Previous Daily High	1.0463
Previous Daily Low	1.0417
Previous Weekly High	1.0615
Previous Weekly Low	1.0366
Previous Monthly High	1.0774
Previous Monthly Low	1.0359
Daily Fibonacci 38.2%	1.0435
Daily Fibonacci 61.8%	1.0445
Daily Pivot Point S1	1.0405
Daily Pivot Point S2	1.0388
Daily Pivot Point S3	1.0359
Daily Pivot Point R1	1.045
Daily Pivot Point R2	1.0479
Daily Pivot Point R3	1.0496

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 faces some resistance near 100-SMA on H4, around 1.1830 zone

The EUR/USD pair gains some follow-through positive traction for the second consecutive day and climbs to the 1.1830 region during the Asian session on Thursday. The US Dollar remains on the back foot amid concerns about the economic fallout from US President Donald Trump's erratic trade policies and acts as a tailwind for spot prices.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold struggle with $5,200 extends ahead of more US-Iran talks

Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.