EUR/USD Price Analysis: Sustained gains seen above 1.0670/80

EUR/USD keeps the erratic activity well in place this week.
The 1.0670/80 band continues to cap the upside so far.

Pablo Piovano FXStreet

EUR/USD resumes the upside bias past the 1.0500 mark following Thursday’s decent pullback.

So far, and as long as the 4-month line in the 1.0670/80 band limits the upside, extra pullbacks in the pair should remain on the cards in the near term. The surpass of this area, however, could spark a bull run to the June top at 1.0773 and the May peak at 1.0786.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1136.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0524
Today Daily Change	43
Today Daily Change %	0.01
Today daily open	1.0523

Trends
Daily SMA20	1.0603
Daily SMA50	1.0609
Daily SMA100	1.0857
Daily SMA200	1.1144

Levels
Previous Daily High	1.0581
Previous Daily Low	1.0483
Previous Weekly High	1.0601
Previous Weekly Low	1.0359
Previous Monthly High	1.0787
Previous Monthly Low	1.035
Daily Fibonacci 38.2%	1.052
Daily Fibonacci 61.8%	1.0544
Daily Pivot Point S1	1.0477
Daily Pivot Point S2	1.0431
Daily Pivot Point S3	1.0379
Daily Pivot Point R1	1.0575
Daily Pivot Point R2	1.0627
Daily Pivot Point R3	1.0674

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.

AUD/USD advances modestly, hovers around 0.7050

AUD/USD reverses part of Friday’s sharp decline and gyrates around the 0.7050 region ahead of the opening bell in Asia. The pair’s modest recovery comes amid humble losses in the Greenback, always amid the steady uncertainty on the geopolitical front. Moving forward, Westpac’s Consumer Confidence measure will be the salient release on Tuesday.

USD/JPY holds higher ground toward 160.50 despite 'Yentervention' fears

USD/JPY holds higher ground toward 160.50 in Monday's Asian trading, despite intervention fears. Japan’s revised GDP print, which confirmed that the economy lost momentum in the first quarter, weighs on the Japanese Yen. Meanwhile, Friday's upbeat US NFP report and fresh Israel-Iran attacks favor the US Dollar bulls, underpinning the currency pair.

Gold faces initial resistance near $4,350

Gold manages to reclaim the $4,300 mark per troy ounce and above on Monday. The yellow metal’s small uptick comes on the back of modest losses in the US Dollar, while traders continue to follow geopolitical events in the Middle East and the likelihood of a tighter-for-longer Fed.

Why institutions prefer Solana over newer rivals for stablecoin adoption – Solstice CEO

The cryptocurrency industry has entered a new era spearheaded by stablecoins, real-world asset (RWA) tokenization, decentralized finance (DeFi), and Artificial Intelligence (AI) applications.

$1.75 trillion: Is SpaceX the most popular IPO in history, or the most engineered?

On June 12, the largest initial public offering (IPO) in history is set to hit the tape, and almost nobody is asking whether the price is right, because almost everybody already wants in.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.