EUR/USD Price Analysis: Extra weakness could retest 1.0909

EUR/USD regains downside traction and approaches 1.0900.
The next support comes at the weekly low at 1.0909.

Pablo Piovano FXStreet

The selling momentum around EUR/USD gathers further impulse and drags the pair to new 3-week lows near 1.0920 on Thursday.

If bears remain in control, EUR/USD could see the weekly low at 1.0909 (April 17) quickly revisited prior to the provisional 55-day SMA at 1.0841, which comes just ahead of another weekly low at 1.0831 (April 10)

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0440.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0924
Today Daily Change	81
Today Daily Change %	-0.53
Today daily open	1.0982

Trends
Daily SMA20	1.0999
Daily SMA50	1.0861
Daily SMA100	1.0793
Daily SMA200	1.0446

Levels
Previous Daily High	1.1007
Previous Daily Low	1.0942
Previous Weekly High	1.1092
Previous Weekly Low	1.0942
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0982
Daily Fibonacci 61.8%	1.0966
Daily Pivot Point S1	1.0947
Daily Pivot Point S2	1.0912
Daily Pivot Point S3	1.0882
Daily Pivot Point R1	1.1012
Daily Pivot Point R2	1.1042
Daily Pivot Point R3	1.1078

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 flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.