EUR/USD Price Forecast: Tests nine-day EMA support near 1.1850

EUR/USD may explore the region around 1.2082, the highest level since June 2021.
The 14-day Relative Strength Index holds above 50, signaling limited dips before buyers regain control.
A break below the nine-day EMA at 1.1861 may push the pair toward the 50-day EMA.

Akhtar Faruqui FXStreet

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index (RSI) momentum indicator at 56 (neutral) stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

The technical analysis of the daily chart shows that the EUR/USD pair holds above the nine-day Exponential Moving Average (EMA), and the slope remains positive. The nine-day average stands above the rising 50-day EMA, maintaining a bullish bias. The near-term trend would remain intact while price holds above the nine-day EMA. The 50-day EMA offers a broader floor for pullbacks.

A daily close above the nine-day EMA at 1.1861 could support the EUR/USD pair to explore the region around 1.2082, the highest level since June 2021.

Whereas a break back below the short-term average would encourage the EUR/USD pair to navigate the region around the 50-day EMA at 1.1769 and shift focus to deeper supports toward the two-month low at 1.1578, set on January 19.

(The technical analysis of this story was written with the help of an AI tool.)

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.