EUR/USD Price Analysis: Solid contention emerged around 1.1830

EUR/USD dropped and rebounded from the vicinity of 1.1830.
The 200-day SMA keeps capping the upside.

Pablo Piovano FXStreet

The selling bias in EUR/USD seems to have halted around 1.1830 so far. This initial area of contention coincides with the March 9 lows.

Against the current context, further pullbacks should not be ruled out. That said, a breach of the 1.1830 region should allow for a move to 1.1800 in the short-term horizon.

The near-term outlook for EUR/USD is forecast to remain on the negative side while below the key 200-day SMA, today at 1.1995.

In the meantime, current oversold conditions could allow for a near-term rebound.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1877
Today Daily Change	47
Today Daily Change %	0.16
Today daily open	1.1858

Trends
Daily SMA20	1.2025
Daily SMA50	1.2089
Daily SMA100	1.2025
Daily SMA200	1.1999

Levels
Previous Daily High	1.1909
Previous Daily Low	1.1845
Previous Weekly High	1.1975
Previous Weekly Low	1.1848
Previous Monthly High	1.2254
Previous Monthly Low	1.1845
Daily Fibonacci 38.2%	1.1869
Daily Fibonacci 61.8%	1.1885
Daily Pivot Point S1	1.1832
Daily Pivot Point S2	1.1807
Daily Pivot Point S3	1.1768
Daily Pivot Point R1	1.1896
Daily Pivot Point R2	1.1934
Daily Pivot Point R3	1.196

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.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited

Gold attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels. The commodity slides back below the $5,000 psychological mark during the Asian session, though the downside potential seems limited amid a combination of supporting factors.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.