EUR/USD recovery halted ahead of 1.1490

The pair’s bullish attempt lost momentum near 1.1490.
The greenback bounces off lows in the vicinity of 95.80.
Italy, Brexit, risk trends ruling the sentiment so far.

Pablo Piovano FXStreet

After printing fresh daily tops in the boundaries of 1.1490, EUR/USD has now come under renewed selling pressure and is gyrating around the 1.1460 region.

EUR/USD keeps looking to Italy for direction

The pair clinched fresh session highs near 1.1490 in early trade following some selling pressure hitting the greenback along with declining US yields.

However, the up move was short-lived and run out of steam soon, motivating sellers to return to the markets as concerns over the delicate political scenario in Italy continue to weigh on investors’ sentiment.

In the meantime, headlines around Brexit are not helping the risk-associated universe either after UK government deemed as unacceptable the EU backstop proposal.

EUR/USD levels to watch

At the moment, the pair is up 0.01% at 1.1466 facing the next hurdle at 1.1508 (low May 29) seconded by 1.1550 (high Oct.22) and then 1.1553 (21-day SMA). On the downside, a breakdown of 1.1432 (low Oct.9) would target 1.1323 (200-week SMA) en route to 1.1299 (2018 low Aug.15).

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 gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom

The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours. The US Dollar softens against the British Pound as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve rate hike. The UK employment report will be in the spotlight later on Tuesday.

EUR/USD flat lines below two-month high amid oil-driven inflation fears

The EUR/USD pair holds steady around the 1.1575-1.1580 region during the Asian session, and for now seems to have stalled the previous day's modest pullback from a two-month top. However, a modest US Dollar uptick warrants some caution before positioning for the resumption of the recent move higher from the 1.1350 area, or the July monthly swing low.

Gold drifts lower amid oil-driven inflation risks and US-Iran tensions

Gold attracts some sellers following a modest Asian session uptick, stalling a two-day move higher from the $4,300 neighborhood. The US Dollar builds on the overnight bounce from a two-month trough as inflation risks stemming from higher crude oil prices underpin prospects for at least one interest rate hike by the US Federal Reserve in 2026. Adding to this, the US-Iran standoff keeps the geopolitical risk premium in play and further underpins the safe-haven Greenback, which is seen exerting pressure on the precious metal.

Ripple and Stellar remain under bearish pressure as corrective declines cap upside

Ripple and Stellar remain under pressure as broader market uncertainty and weak technical momentum weigh on both altcoins. XRP is hovering below the key $1 mark on Tuesday while XLM continues its corrective decline below $0.157. Meanwhile, mixed derivatives and on-chain signals indicate cautious sentiment, leaving both cryptocurrencies vulnerable to further downside.

Silver’s new era: Supply deficits meet exploding industrial demand

Silver has experienced a wild ride in 2026, but The Silver Institute President and CEO Michael DiRienzo says investors shouldn’t let the volatility obscure a much bigger story: the underlying silver market remains remarkably strong.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.