|

EUR/USD Price Analysis: Further losses likely below 1.0912

  • EUR/USD’s downside picks up further traction on Tuesday.
  • A more sustained decline is expected once 1.0912 is cleared.

EUR/USD extends the downward bias to new weekly lows near 1.0930 on Tuesday.

In case losses accelerate, spot should face interim contention at the 55-day and 100-day SMAs at 1.0925 and 1.0923, respectively, prior to the so far August low at 1.0912 (August 3). Once the latter is breached on a convincing fashion, the pair could embark on a move to the July low of 1.0833 (July 6).

In the meantime, while below the weekly high of 1.1149 (July 27), the pair risks further retracements for the time being.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0748.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0951
Today Daily Change77
Today Daily Change %-0.46
Today daily open1.1002
 
Trends
Daily SMA201.108
Daily SMA501.0942
Daily SMA1001.0923
Daily SMA2001.075
 
Levels
Previous Daily High1.1018
Previous Daily Low1.0966
Previous Weekly High1.1046
Previous Weekly Low1.0912
Previous Monthly High1.1276
Previous Monthly Low1.0834
Daily Fibonacci 38.2%1.0986
Daily Fibonacci 61.8%1.0998
Daily Pivot Point S11.0973
Daily Pivot Point S21.0943
Daily Pivot Point S31.092
Daily Pivot Point R11.1025
Daily Pivot Point R21.1048
Daily Pivot Point R31.1078

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Editor's Picks

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA at $4,425, but for how long?

Gold is attempting a tepid recovery toward $4,500 early Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

 

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar
The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.
Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.