EUR/USD Price Analysis: Near-term rebound in the offing?

EUR/USD drops further and records new YTD low at 1.1568.
The 1.1500 neighbourhood should hold the downside.

Pablo Piovano FXStreet

EUR/USD’s downside picks up further pace and breaks below the 1.1600 support to clinch fresh 2021 lows around 1.1570.

A technical rebound could be in the pipeline in the very near term considering the current oversold condition of the spot on a daily basis. The broader outlook, however, points south and a close below the 200-week SMA at 1.1572 should allow for further downside to the 1.1500 neighbourhood, where the March 2020 high sits.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.1966.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1586
Today Daily Change	41
Today Daily Change %	-0.10
Today daily open	1.1598

Trends
Daily SMA20	1.1771
Daily SMA50	1.1778
Daily SMA100	1.1895
Daily SMA200	1.1971

Levels
Previous Daily High	1.169
Previous Daily Low	1.1589
Previous Weekly High	1.1756
Previous Weekly Low	1.1684
Previous Monthly High	1.19
Previous Monthly Low	1.1664
Daily Fibonacci 38.2%	1.1628
Daily Fibonacci 61.8%	1.1652
Daily Pivot Point S1	1.1561
Daily Pivot Point S2	1.1525
Daily Pivot Point S3	1.1461
Daily Pivot Point R1	1.1662
Daily Pivot Point R2	1.1726
Daily Pivot Point R3	1.1763

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.

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.