EUR/USD Price Analysis: Friday's outside day candle has neutralized the immediate bearish view

Omkar Godbole FXStreet Contributor

EUR/USD jumped 0.73% on Friday, engulfing the preceding day's high and low and forming a bullish outside day candle on the daily chart.

If appearing after a prolonged or notable sell-off, the bullish outside day is considered an early warning of a reversal higher. However, the trend change is confirmed if the follow-through is positive, that is, an asset ends the following day above the outside day's high.

In other words, the pair needs to end Monday above Friday's high of 1.2050 to confirm a bearish-to-bullish trend change. The immediate bias is neutral, with the pair trading near 1.2045.

A close under Friday's low of 1.1952 would imply a continuation of the sell-off from the high of 1.2349.

Daily chart

Trend: Neutral

Technical levels

Overview
Today last price	1.2044
Today Daily Change	-5
Today Daily Change %	-0.04%
Today daily open	1.2049

Trends
Daily SMA20	1.2111
Daily SMA50	1.2153
Daily SMA100	1.1967
Daily SMA200	1.1702

Levels
Previous Daily High	1.205
Previous Daily Low	1.1952
Previous Weekly High	1.2138
Previous Weekly Low	1.1952
Previous Monthly High	1.235
Previous Monthly Low	1.2054
Daily Fibonacci 38.2%	1.2013
Daily Fibonacci 61.8%	1.199
Daily Pivot Point S1	1.1984
Daily Pivot Point S2	1.1919
Daily Pivot Point S3	1.1887
Daily Pivot Point R1	1.2082
Daily Pivot Point R2	1.2115
Daily Pivot Point R3	1.218

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.