|

EUR/USD Price Analysis: Sustained gains seen above 1.0970

  • EUR/USD trades within a tight range around the 1.0900 region.
  • The immediate barrier comes at the April top near 1.0970.

EUR/USD trades without a clear direction around the 1.0900 region on Thursday.

The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0973 (April 4) to put the key 1.1000 mark back on the radar and then challenge the YTD peak at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0348.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0904
Today Daily Change34
Today Daily Change %0.00
Today daily open1.0904
 
Trends
Daily SMA201.0773
Daily SMA501.0733
Daily SMA1001.0668
Daily SMA2001.0348
 
Levels
Previous Daily High1.097
Previous Daily Low1.0891
Previous Weekly High1.0926
Previous Weekly Low1.0745
Previous Monthly High1.093
Previous Monthly Low1.0516
Daily Fibonacci 38.2%1.0921
Daily Fibonacci 61.8%1.094
Daily Pivot Point S11.0874
Daily Pivot Point S21.0843
Daily Pivot Point S31.0795
Daily Pivot Point R11.0952
Daily Pivot Point R21.1
Daily Pivot Point R31.1031

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies. 

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold consolidates below $5,150 as traders await Trump's State of the Union address

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.