EUR/USD Price Analysis: Hovers around the major level of 1.0850

EUR/USD could meet the immediate resistance at the 38.2% Fibonacci retracement level of 1.0864.
The lagging indicator MACD implies a potential shift towards bullish momentum for the pair.
The key support area appears around the 21-day EMA at 1.0814 and the psychological level of 1.0800.

Akhtar Faruqui FXStreet

EUR/USD continues its winning streak that began on February 14, with the subdued US Dollar (USD), potentially influenced by the lower US Treasury yields. Consequently, during Tuesday's Asian session, the EUR/USD pair hovers around 1.0850.

Immediate resistance levels for the EUR/USD pair are identified at the 38.2% Fibonacci retracement level of 1.0864, followed by February's high of 1.0897, which aligns with the significant psychological barrier at 1.0900.

The technical analysis suggests a bullish sentiment for the EUR/USD pair. The 14-day Relative Strength Index (RSI) is positioned above the 50 mark, indicating strength in the upward momentum.

Additionally, the Moving Average Convergence Divergence (MACD) shows a divergence above the signal line, despite being below the centerline. This lagging indicator implies a potential shift towards bullish momentum for the EUR/USD pair.

On the downside, the EUR/USD pair could find the key support around the 21-day Exponential Moving Average (EMA) at 1.0814 followed by the psychological support of 1.0800 level. A break below this level could prompt the pair to retest February’s low at 1.0694 level.

EUR/USD: Daily Chart

EUR/USD

Overview
Today last price	1.0852
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	1.0851

Trends
Daily SMA20	1.0791
Daily SMA50	1.0884
Daily SMA100	1.0815
Daily SMA200	1.0828

Levels
Previous Daily High	1.086
Previous Daily Low	1.0813
Previous Weekly High	1.0888
Previous Weekly Low	1.0762
Previous Monthly High	1.1046
Previous Monthly Low	1.0795
Daily Fibonacci 38.2%	1.0842
Daily Fibonacci 61.8%	1.0831
Daily Pivot Point S1	1.0822
Daily Pivot Point S2	1.0794
Daily Pivot Point S3	1.0775
Daily Pivot Point R1	1.0869
Daily Pivot Point R2	1.0888
Daily Pivot Point R3	1.0917

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

GBP/USD extends slide to fresh 2026-low near 1.3150

GBP/USD resumes its downside in the second half of the day on Wednesday and trades at its lowest level since November 2025 near 1.3150. The pair remains vulnerable amid a broadly firmer US Dollar and chaotic UK political environment. The focus is now on BoE-speak for further trading impetus.

EUR/USD slumps to new yearly low below 1.1350

EUR/USD stays under bearish pressure and trades at its lowest level in a year below 1.1350 on Wednesday. The pair remains vulnerable to further declines amid a bullish US Dollar, which continues to draw support from hawkish Fed bets and US-Iran peace deal uncertainty.

Gold closes in on $4,000 on persistent USD strength

Gold remains under persistent selling pressure and trades at its lowest level since November near $4,000 on Wednesday, losing more than 2.5% on the day. Hawkish Fed pricing, broad-based US Dollar strength and the uncertainty surrounding the US-Iran peace agreement make it difficult for the precious metal to find a foothold.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East.

5.90% to 5.45%: Why the Pound ignored the bond market’s relief rally

Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell. Sterling's real driver these past four months has not been the prime minister, nor the left-leaning frontrunner lining up to replace him, but the long end of the gilt curve, which answers to a force no British politician controls.

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.