EUR/USD Price Analysis: Scope for extra gains near term

EUR/USD advances further to fresh 6-month peaks near 1.0550.
Further upside could put the 1.0614 level back on the radar.

Pablo Piovano FXStreet

EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June.

Gains in the pair are now likely to pick up pace following the breakout of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0365.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0538
Today Daily Change	49
Today Daily Change %	0.13
Today daily open	1.0524

Trends
Daily SMA20	1.0288
Daily SMA50	1.0003
Daily SMA100	1.0045
Daily SMA200	1.0371

Levels
Previous Daily High	1.0534
Previous Daily Low	1.0393
Previous Weekly High	1.0449
Previous Weekly Low	1.0223
Previous Monthly High	1.0497
Previous Monthly Low	0.973
Daily Fibonacci 38.2%	1.048
Daily Fibonacci 61.8%	1.0447
Daily Pivot Point S1	1.0434
Daily Pivot Point S2	1.0343
Daily Pivot Point S3	1.0293
Daily Pivot Point R1	1.0574
Daily Pivot Point R2	1.0624
Daily Pivot Point R3	1.0715

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 defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

Gold holds above $4,050 but momentum still missing

Gold builds on its modest intraday bounce and climbs above the $4,050 level on Friday, hitting a fresh daily high amid a modest US Dollar pullback. The fundamental backdrop, however, warrants some caution before confirming that the pullback from an over two-week high, touched on Wednesday, has run its course and positioning for any meaningful upside.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

XRP retreats as ETF interest cools

Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.

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.