EUR/USD Price Analysis: Further advances need to clear 1.0640

EUR/USD trades without direction below the 1.0600 barrier.
Further gains appear in store above the 1.0640 region.

Pablo Piovano FXStreet

EUR/USD trades without a clear direction below the key 1.0600 hurdle on Friday.

In case the recovery gathers a more serious pace, the pair is expected to initially challenge the October high at 1.0639 (October 12). The surpass of this region should expose a potential move to the transitory 55-day SMA at 1.0721 ahead of weekly peaks at 1.0736 (September 20) and 1.0767 (September 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0818.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0586
Today Daily Change	34
Today Daily Change %	0.04
Today daily open	1.0582

Trends
Daily SMA20	1.0556
Daily SMA50	1.0697
Daily SMA100	1.0827
Daily SMA200	1.082

Levels
Previous Daily High	1.0617
Previous Daily Low	1.0528
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0583
Daily Fibonacci 61.8%	1.0562
Daily Pivot Point S1	1.0535
Daily Pivot Point S2	1.0487
Daily Pivot Point S3	1.0446
Daily Pivot Point R1	1.0624
Daily Pivot Point R2	1.0665
Daily Pivot Point R3	1.0712

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.

GBP/USD clings to multi-day peaks below 1.3500

GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.

EUR/USD: Post-NFP bounce falters around 1.1580

EUR/USD reverses Thursday’s decline and trades with solid gains in the 1.1560 region, or two-month peaks, on Friday. The pair’s firm performance comes in a context of a sharp correction in the US Dollar as investors continue to assess disheartening US NFP readings.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

XRP Price Forecast: XRP nears critical $1.00 support

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.

Is Gold about to enter its biggest bull run since 2020?

Gold has stormed back into the spotlight and its next move could leave late buyers chasing. On August 5, the yellow metal surged almost 7% – roughly $174 – to close near $4,308 an ounce, posting one of its biggest daily advances in recent history. A weaker U.S dollar, falling Treasury yields, changing Federal Reserve expectations and renewed safe-haven demand all struck at once.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.