EUR/USD Price Analysis: Third time is the charm?

EUR/USD flirts once again with the key parity level.
Below parity comes the December 2002 low at 0.9859.

Pablo Piovano FXStreet

EUR/USD quickly fades Wednesday’s bullish attempt to the 1.0120 region and re-focuses on the downside, particularly on the parity zone.

The pair’s bearish stance remains everything but abated for the time being. Against that, a convincing breakdown of the parity level should open the door to the triggering of massive stop-loss orders, while the next support level of note is expected to appear at the December 2002 low at 0.9859.

As long as the pair navigates below the 5-month support line near 1.0550, further losses remain in store.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1040.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0005
Today Daily Change	55
Today Daily Change %	-0.59
Today daily open	1.0064

Trends
Daily SMA20	1.0378
Daily SMA50	1.0508
Daily SMA100	1.0709
Daily SMA200	1.105

Levels
Previous Daily High	1.0123
Previous Daily Low	0.9998
Previous Weekly High	1.0463
Previous Weekly Low	1.0072
Previous Monthly High	1.0774
Previous Monthly Low	1.0359
Daily Fibonacci 38.2%	1.0075
Daily Fibonacci 61.8%	1.0046
Daily Pivot Point S1	1
Daily Pivot Point S2	0.9937
Daily Pivot Point S3	0.9876
Daily Pivot Point R1	1.0125
Daily Pivot Point R2	1.0186
Daily Pivot Point R3	1.0249

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 flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.