EUR/USD Price Analysis: Pair remains under 20-day SMA, retreated towars 1.0370

EUR/USD inches lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA.
The RSI rises to 45, suggesting improving momentum but still hinting at a cautious outlook.
MACD shows flat green bars, indicating easing bearish pressure yet no clear bullish shift.

Patricio Martín FXStreet

EUR/USD managed to climb towards the 1.0370-1.0390 area at the begging of the year, continuing its fragile attempt to recover from recent losses. Despite this uptick, the pair has repeatedly struggled to decisively break above the 20-day Simple Moving Average (SMA) since the start of 2025, reinforcing the notion that sellers may still dictate the short-term direction.

Technical readings are mixed. While the Relative Strength Index (RSI) has lately improved to 45 suggesting a modest pickup in buying interest but it remains in negative territory, indicating that buyers are not yet fully in control. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram prints flat green bars, implying that bearish momentum is easing but hasn’t given way to a sustained bullish push.

Looking ahead, a solid move above the 20-day SMA would be necessary to establish a more convincing recovery and open the door for further gains. Absent that, the pair remains vulnerable to renewed selling pressure, keeping its recent bounce on cautious footing.

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.

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.