EUR/USD Price Analysis: The hunt for the 1.1150 zone

EUR/USD rebounds sharply and reclaims the area above 1.1000.
Next on the upside comes the weekly top around 1.1150.

Pablo Piovano FXStreet

EUR/USD adds to Thursday’s advance and climbs to four-day highs north of the key 1.1000 barrier on Friday.

Further gains in the pair should meet the next hurdle at the weekly peak of 1.1149 (July 27). The surpass of this level should alleviate the downside pressure and allow for a potential move to the 2023 high at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0743.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1021
Today Daily Change	90
Today Daily Change %	0.66
Today daily open	1.0949

Trends
Daily SMA20	1.1077
Daily SMA50	1.0931
Daily SMA100	1.0917
Daily SMA200	1.0739

Levels
Previous Daily High	1.0963
Previous Daily Low	1.0912
Previous Weekly High	1.115
Previous Weekly Low	1.0944
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0944
Daily Fibonacci 61.8%	1.0932
Daily Pivot Point S1	1.092
Daily Pivot Point S2	1.0891
Daily Pivot Point S3	1.0869
Daily Pivot Point R1	1.097
Daily Pivot Point R2	1.0992
Daily Pivot Point R3	1.1021

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 stays bid above 0.7100 on Australian trade data, Mideast optimism

AUD/USD clings to minor recovery gains above 0.7100 in the Asian session on Thursday as a new Israel-Lebanon ceasefire keeps a lid on the safe-haven US Dollar. Meanwhile, strong AustralianTrade Balane data also help the Aussie pair sustain the bounce from weekly lows.

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

USD/JPY struggles to find acceptance above 160.00 and retreats from a one-month high in the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, a new Israel-Lebanon ceasefire caps the US Dollar and supports the currency pair. However, renewed US-Iran tensions keep the downside limited in the Greenback and the pair.

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Gold gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar and supports the commodity.

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders. The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.