EUR/USD Price Analysis: There is a solid support around 1.0100

EUR/USD corrects sharply lower and retests 1.0190/85.
The lower bound of the range emerges around 1.0100.

Pablo Piovano FXStreet

EUR/USD accelerates the losses and drops below the key 1.0200 support on Monday.

Further correction carries the potential to revisit the lower end of the recent range in the 1.0100 neighbourhood, although a sustained break below this level looks not favoured for the time being.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0887.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0195
Today Daily Change	83
Today Daily Change %	-0.63
Today daily open	1.026

Trends
Daily SMA20	1.0212
Daily SMA50	1.0329
Daily SMA100	1.0525
Daily SMA200	1.0896

Levels
Previous Daily High	1.0328
Previous Daily Low	1.0238
Previous Weekly High	1.0369
Previous Weekly Low	1.0159
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0272
Daily Fibonacci 61.8%	1.0293
Daily Pivot Point S1	1.0223
Daily Pivot Point S2	1.0186
Daily Pivot Point S3	1.0134
Daily Pivot Point R1	1.0313
Daily Pivot Point R2	1.0365
Daily Pivot Point R3	1.0402

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 treads water around 1.1900

EUR/USD edges a tad lower around the 1.1900 area, coming under mild pressure despite the US Dollar keeps the offered stance on turnaround Tuesday. On the US data front, December Retail Sales fell short of expectations, while the ADP four week average printed at 6.5K.

GBP/USD looks weak near 1.3670

GBP/USD trades on the back foot around the 1.3670 region on Tuesday. Cable’s modest retracement also comes in tandem with the decent decline in the Greenback. Moving forward, the US NFP and CPI data in combination with key UK releases should kee the quid under scrutiny in the next few days.

Gold the battle of wills continues with bulls not ready to give up

Gold comes under marked selling pressure on Tuesday, giving back part of its recent two day advance and threatening to challenge the key $5,000 mark per troy ounce. The yellow metal’s correction follows a better tone in the risk complex, a lower Greenback and shrinking US Treasuty yields.

AI Crypto Update: BankrCoin, Pippin surge as sector market cap steadies above $12B

The Artificial Intelligence (AI) segment is largely on the back foot with major coins such as Bittensor (TAO) and Internet Computer (ICP) extending losses amid a sticky risk-off sentiment.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.