EUR/USD Price Analysis: Further upside targets 1.1382

EUR/USD leaves behind Wednesday’s daily retracement.
Further upside is seen initially challenging 1.1382.

Pablo Piovano FXStreet

EUR/USD regains the smile and the buying interest and advances to the 1.1350 zone on Thursday.

In case the recovery picks up further impulse, then the pair is forecast to test the weekly top at 1.1382 (November 30) ahead of another weekly high at 1.1464 (November 15).

The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1545. In the longer run, the offered stance in spot is expected to persist while below the 200-day SMA at 1.1819.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1334
Today Daily Change	40
Today Daily Change %	0.20
Today daily open	1.1311

Trends
Daily SMA20	1.1375
Daily SMA50	1.1518
Daily SMA100	1.1654
Daily SMA200	1.1825

Levels
Previous Daily High	1.136
Previous Daily Low	1.1303
Previous Weekly High	1.1324
Previous Weekly Low	1.1186
Previous Monthly High	1.1616
Previous Monthly Low	1.1186
Daily Fibonacci 38.2%	1.1324
Daily Fibonacci 61.8%	1.1338
Daily Pivot Point S1	1.1289
Daily Pivot Point S2	1.1267
Daily Pivot Point S3	1.1232
Daily Pivot Point R1	1.1346
Daily Pivot Point R2	1.1381
Daily Pivot Point R3	1.1403

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.

AUD/USD seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.

Gold remains on the back foot below $3,900

Gold now alternates gains with losses below the $3,900 mark per troy ounce on Friday. The precious metal struggles to regain traction amid the firmer US Dollar, mixed US Treasury yields and expectations of further tightening by the Fed at its December meeting.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Week ahead – Fed Minutes, inflation data and Nvidia earnings to guide investors

Fed minutes may add to hawkish tone as bets of 50-bps hike grow. Nvidia to report earnings as bar to impress high after spy scandal. Trade and geopolitics to be focal point of Trump-Xi summit.

Gold hit its lowest level of 2026 near $3,850

Gold (XAU/USD) attempts to stabilize around $3,890 on Friday after falling to $3,852 on Thursday, its lowest level since October 2025. The precious metal has lost more than 4% this week, as investors increasingly anticipate further monetary tightening from the Federal Reserve (Fed). The latest decline reflects a sharp change in market expectations.