EUR/USD Price Analysis: The decline now looks to the 55-day SMA

EUR/USD remains under pressure and approaches the 200-day SMA.
Further south emerges the 55-day SMA in the 1.1060 area.

Pablo Piovano FXStreet

EUR/USD remains well on the defensive so far this week and is now trading at shouting distance from the critical 200-day SMA in the 1.1100 zone.

Another break below this level should accelerate losses to the 55-day SMA in the 1.1055/60 band.

Looking at the broader picture, the outlook on the spot stays bullish while above the 55-day SMA, today at 1.1057.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1155
Today Daily Change	82
Today Daily Change %	-0.27
Today daily open	1.1185

Trends
Daily SMA20	1.1037
Daily SMA50	1.1047
Daily SMA100	1.1069
Daily SMA200	1.1102

Levels
Previous Daily High	1.1334
Previous Daily Low	1.1056
Previous Weekly High	1.1355
Previous Weekly Low	1.1027
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.1162
Daily Fibonacci 61.8%	1.1227
Daily Pivot Point S1	1.1049
Daily Pivot Point S2	1.0913
Daily Pivot Point S3	1.0771
Daily Pivot Point R1	1.1327
Daily Pivot Point R2	1.147
Daily Pivot Point R3	1.1606

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 remains flattish around 1.3300

GBP/USD alternates gains with losses near the 1.3300 threshold on Wednesday. Indeed, Cable struggles to gain traction as the Greenback remains resilient ahead of the Fed gathering later in the day. Moving forward, the British Pound should remain under the microscope in light of the BoE meeting on Thursday.

EUR/USD treads water below 1.1400; focus is on the Fed

EUR/USD trades in a tight range below 1.1400 on Wednesday as the US Dollar (USD) benefits from risk aversion amid the deepening crisis in the Middle East. Investors refrain from taking large positions ahead of the Fed’s policy decision, which could provide fresh directional impetus for spot.

Gold recedes to multi-day troughs below $4,000

Gold remains on the back foot on Wednesday, breaching below the psychological $4,000 level per troy ounce despite the US Dollar’s lack of direction. Escalating tensions in the US-Iran conflict weigh on the precious metal, while investors await the FOMC event later in the day.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

Federal Reserve set to hold interest rates steady, yet a hike can’t be ruled out

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as they assess how rising crude Oil prices could impact the inflation outlook.

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.