EUR/USD price analysis: Pair drifts lower amid bearish pressure

EUR/USD trades near the 1.1100 zone with minor losses on Friday.
The pair maintains a bearish outlook, supported by mixed technical signals.
Key support is clustered below 1.1150, with resistance near 1.1200.

Patricio Martín FXStreet

The EUR/USD pair is under modest selling pressure on Friday, moving near the lower end of its daily range around the 1.1100 zone. This positioning reflects a bearish tone, reinforced by a cluster of short-term technical indicators that favor downside momentum, despite some mixed signals from longer-term trends. As the European session wraps up, traders appear cautious, aligning with the broader risk-off sentiment in the market.

EUR/USD currently maintains a bearish bias, as highlighted by the alignment of its short-term moving averages. The 10-period Exponential Moving Average (EMA) and the 10-period Simple Moving Average (SMA) both point lower, signaling near-term selling pressure. The 20-day Simple Moving Average (SMA) also supports this bearish view, adding weight to the downside outlook. In contrast, the longer-term 100-day and 200-day SMAs indicate a more supportive backdrop, suggesting that the broader trend remains mixed.

(Several paragraphs of this article were removed on May 27 as they didn't comply with FXStreet's editorial standards regarding the use of Artificial Intelligence.)

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 extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP rebounds on rising on-chain activity

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

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.