EUR/USD Price Analysis: Next on the upside comes 1.0945

EUR/USD fades Thursday’s downtick and approaches 1.0900.
Immediate up-barrier remains near 1.0950 so far.

Pablo Piovano FXStreet

EUR/USD manages to set aside part of Thursday’s sharp pullback and gradually approaches the 1.0900 mark on Friday.

Despite the daily knee-jerk, the pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, the next hurdle emerges at the weekly top at 1.0945 (August 30), prior to the interim 55-day SMA at 1.0965 and the psychological 1.1000 mark.

In the meantime, the pair is likely to keep the bullish outlook unchanged while above the 200-day SMA, today at 1.0816.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0867
Today Daily Change	54
Today Daily Change %	0.21
Today daily open	1.0844

Trends
Daily SMA20	1.0899
Daily SMA50	1.097
Daily SMA100	1.0924
Daily SMA200	1.0814

Levels
Previous Daily High	1.094
Previous Daily Low	1.0835
Previous Weekly High	1.093
Previous Weekly Low	1.0766
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0875
Daily Fibonacci 61.8%	1.09
Daily Pivot Point S1	1.0806
Daily Pivot Point S2	1.0768
Daily Pivot Point S3	1.0702
Daily Pivot Point R1	1.091
Daily Pivot Point R2	1.0977
Daily Pivot Point R3	1.1015

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.

GBP/USD bounces off one-week low amid Iran diplomacy hopes, ahead of UK CPI

The GBP/USD pair edges higher during the Asian session, snapping a four-day losing streak to the 1.3360 area, or a one-week low, touched the previous day. Spot prices, however, lack follow-through buying and trade below the 1.3400 mark, warranting caution before confirming that the recent pullback from an over two-month high has run its course.

EUR/USD holds gains above 1.1400 on hawkish ECB expectations despite US-Iran tensions

The EUR/USD pair trades with mild gains around 1.1405 during the early Asian session on Wednesday. A hawkish tone from the European Central Bank provides some support to the Euro against the US Dollar. Traders await the upcoming ECB interest rate decision on Thursday.

Gold: Strong recovery might face roadblock as oil price extends gains

Gold price extends its winning streak for the third trading day on Wednesday, trading 1.5% higher to near $4,140 during the Asian session. The precious metal recovered strongly in the past few trading days from its three-week low of $3,959.80 as traders scaled back Federal Reserve’s interest rate hike expectations for the monetary policy meeting next week.

Bitcoin extends gains, Ethereum and XRP target breakout moves

Bitcoin, Ethereum and Ripple remain on the front foot on Wednesday as the broader crypto market extends its gains so far this week. BTC leads gains after closing above key resistance while ETH and XRP near key technical hurdles where a breakout could pave the way for additional gains.

UK CPI set to show receding inflation in June as GBP/USD fails at May highs

The UK Office for National Statistics will release the June Consumer Price Index figures on Wednesday at 06:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures still above the Bank of England’s target, although losing further momentum.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.