EUR/USD Price Analysis: Neutral stance around 1.0930 as momentum stalls

EUR/USD was seen stabilizing around the 1.0930 zone after the European session, showing neutral movement.
Indicators remain in overbought territory, suggesting that the pair may consolidate before choosing a clear direction.
Support stands around 1.0850 and resistance is near 1.1000, with price action lacking strong directional momentum.

Patricio Martín FXStreet

EUR/USD is trading steadily on Tuesday after the European session, hovering around the 1.0930 area without clear direction. Following last week's rally, the pair has struggled to find fresh momentum, with buyers and sellers maintaining a cautious stance.

From a technical perspective, the Relative Strength Index (RSI) remains in overbought territory at 73 but is showing signs of flattening, reflecting waning bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) prints flat green bars, signaling a lack of strong trend conviction. These indicators suggest that the pair may enter a consolidation phase before making a decisive move.

Looking ahead, resistance remains at the 1.1000 mark, which has historically acted as a key barrier. On the downside, initial support is located near 1.0850, with stronger footing around the 20-day moving average near 1.0800. A break below these levels could trigger a corrective move, while sustained trading above 1.0900 keeps the broader bullish outlook intact.

EUR/USD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

AUD/USD edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar edges higher against the US Dollar as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia rate hikes.

USD/JPY meets support near 157.00

USD/JPY retreats for the third consecutive day on Friday, revisiting the 157.00 region before attempting some recovery as investors continue to assess the latest BoJ meeting, where the central bank left rates unchanged, as widely anticipated.

Gold sinks to fresh yearly lows despite risk-off mood as Fed rate hike bets weigh

Gold slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to dominate price action, leaving Gold on track to end the month in negative territory.

Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.

BoJ recap: A pause for now... but Japan has entered a new inflation phase

The Bank of Japan left its short-term policy rate unchanged at 1.25% but delivered a distinctly hawkish message on the risk of an inflation overshoot. The decision passed by 8-1, with board member Takata dissenting in favour of an increase to 1.5%, while Governor Kazuo Ueda stressed that the Bank would continue adjusting policy as needed.

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.