EUR/USD Price Analysis: Fifth consecutive drop threatens deeper lows

EUR/USD declines on Monday, settling near 1.0210 as its losing streak stretches to five days.
RSI drops to 32, hovering close to oversold territory, while the MACD histogram prints rising red bars.
The pair dives below 1.0250, marking the lowest level since November 2022 and signaling persistent bearish pressure.

Patricio Martín FXStreet

EUR/USD extended its downward spiral on Monday, shedding another 0.39% to settle near 1.0210. This marks the fifth consecutive session of losses, with the pair continuously probing fresh lows not seen since November 2022. Sellers appear firmly in control, as the recent slide shows little sign of abating, despite mounting oversold signals.

On the technical front, the Relative Strength Index (RSI) has slipped to 32, teetering on the edge of oversold territory. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram exhibits rising red bars, underscoring the intensifying negative momentum. These readings point to a market that is ripe for a potential correction, yet the absence of convincing buyer interest thus far keeps the overall outlook biased to the downside.

Looking ahead, immediate support is pegged around the 1.0200 handle, with a further drop potentially exposing the 1.0150 region. In contrast, an upward retracement might face resistance near 1.0250, and any break above 1.0300 could spark a short-term relief rally.

EUR/USD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

GBP/USD: Gains remain capped below 1.3200 ahead of US PCE

GBP/USD clings to minor recovery gains, but remains below 1.3200 in the European session on Thursday. However, the potential upside for the pair appear limited amid UK political instability and rising expectations of US interest rate hikes this year. Traders await the US May PCE inflation data on Thursday for a clear direction.

EUR/USD defends 1.1350 as eyes turn to US PCE inflation

EUR/USD trades better bid above 1.1350 in European trading on Thursday. A pause in the US Dollar rally is helping the pair stay afloat. Markets look to the key US Personal Consumption Expenditures report for fresh trading impetus.

Gold bounces off November 2025 lows as USD rally pauses ahead of US PCE

Gold rebounds from the vicinity of the lowest level since November 2025, set the previous day, and trades near the $4,000 psychological mark. A modest US Dollar downtick offers some support to the commodity amid some repositioning trade ahead of the release of the US Personal Consumption Expenditures Price Index.

Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

Ripple and SBI Group partner to launch RLUSD in Japan

Ripple (XRP) remains under pressure, trading at $1.06 on Thursday after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

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.