EUR/USD Price Analysis: Extra losses seen below 1.1370

EUR/USD sheds ground for the third session in a row on Tuesday.
Key contention emerges at the 4-month line near 1.1370.

Pablo Piovano FXStreet

EUR/USD extends the bearish move sparked soon after hitting new 2022 highs in the 1.1480/85 band earlier in the month.

The bias appears tilted to the downside for the time being. That said, a deeper decline remains on the cards if spot breaches the 4-month support line, today around 1.1370. On such an event, the next support should emerge at the temporary 55-day SMA at 1.1347.

The longer term negative outlook for EUR/USD is seen unchanged while below the key 200-day SMA at 1.1725.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.139
Today Daily Change	38
Today Daily Change %	-0.15
Today daily open	1.1407

Trends
Daily SMA20	1.1346
Daily SMA50	1.133
Daily SMA100	1.1502
Daily SMA200	1.1729

Levels
Previous Daily High	1.1434
Previous Daily Low	1.1392
Previous Weekly High	1.1483
Previous Weekly Low	1.1285
Previous Monthly High	1.1386
Previous Monthly Low	1.1222
Daily Fibonacci 38.2%	1.1408
Daily Fibonacci 61.8%	1.1418
Daily Pivot Point S1	1.1388
Daily Pivot Point S2	1.1368
Daily Pivot Point S3	1.1345
Daily Pivot Point R1	1.143
Daily Pivot Point R2	1.1454
Daily Pivot Point R3	1.1473

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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.