EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs

EUR/USD trades near the 1.1500 zone after drifting modestly lower post-European session.
Technical outlook remains bullish overall, with MACD signaling buy and moving averages aligned higher.

Patricio Martín FXStreet

The EUR/USD pair is flashing a bullish signal, currently trading around the 1.1500 area after posting a slight decline during Tuesday’s session following the European close. Despite the intraday dip, the pair maintains its broader upward trajectory and remains anchored near the middle of the session’s range between 1.1455 and 1.1547.

From a technical perspective, indicators present a slightly mixed bias. The Relative Strength Index (RSI) is above 70, hinting at overbought territory and flashing a mild sell signal. However, the Moving Average Divergence Convergence (MACD) remains firmly bullish, continuing to support upside momentum. The Ultimate Oscillator and Bull Bear Power both sit in neutral territory, offering no clear directional cue.

The bullish case is strongly reinforced by moving averages. The 20-day, 100-day, and 200-day Simple Moving Averages (SMAs) — at 1.1099, 1.0618, and 1.0762, respectively — are all trending upward. Short-term dynamics are also favorable, with the 10-day EMA and SMA positioned around 1.1325–1.1328, offering immediate support.

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 bulls seem hesitant as Hormuz ship attack supports safe-haven USD

The GBP/USD pair sticks to a positive bias for the second straight day, albeit it remains below the previous day's swing high and trades just below the 1.3200 mark during the Asian session on Friday. Furthermore, the fundamental backdrop warrants caution before positioning for any meaningful recovery from November 2025 lows, around the 1.3140 region, touched on Wednesday.

EUR/USD rebounds to 1.1400 as USD corrects lower

EUR/USD gains traction in the European session on Friday and rises to the 1.1400 area. The US Dollar (USD) struggles to find demand and helps the pair edge higher as investors keep a close eye on headlines coming out of the Middle East and the action in global technology stocks.

Gold recovers early lost ground; bearish bias remains amid Fed hike bets

Gold builds on its modest intraday bounce from the $3,983-$3982 region, and climbs to the top end of its daily range heading into the European session. The US Dollar remains depressed below its highest level since May 2025 set on Thursday, amid receding Federal Reserve rate-hike bets. This is seen as a key factor lending some support to the commodity.

Ripple price clings to $1 as long liquidations deepen bearish trend

Ripple (XRP) trades near the key psychological support level of $1 after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours. In addition, derivatives metrics continue to favor the bears.

Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%

Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.

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.