EUR/USD retreats below 1.0800

Matías Salord FXStreet

EUR/USD failed to rally above the 1.0820/30 area and pulled back. The pair is hovering around 1.0795, about to end the day unchanged from yesterday’s closing price.

The euro weakened during the European session and favored a retreat of EUR/USD, that after reaching a fresh 2-week high at 1.0825, pulled back.

“The EUR/USD pair was unable to hold on to gains and closed the day pretty much flat. Risk aversion was again the main theme leading the markets, as following Wednesday's equities slump, a terrorist incident took place near the UK Parliament with at least two people dead”, said Valeria Bednarik, Chief Analyst at FXStreet.

The pair moved all day in a 55-pip range without making strong moves, unaffected by the sharp decline in USD/JPY. The trend and momentum in the short-term continue to favor the upside bias, but if EUR/USD fails soon to break consistently above 1.0830, it could weaken opening the doors for a more significant correction.

Technical levels

To the upside, immediate resistance could be seen at 1.0800 (20-hour moving average), 1.0825/30 (February and March highs) and 1.0850. On the flip side, support could be located at 1.0775/80 (daily low), 1.0745 (Mar 15 high) and 1.0715/20 (weekly low).

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

EUR/USD tests nine-day EMA support near 1.1850

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 momentum indicator at 56 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.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold buyers hesitate amid holiday-thinned trading

Gold trades volatile, but within range, as US, China holidays-led thin trading exaggerates moves. The US Dollar extends range play into the US GDP week, with markets pricing at least two Fed rate cuts this year. Technically, Gold tests key support at $5,000; daily RSI still remains bullish.

Top Crypto Losers: Dogecoin, Zcash, Bonk – Meme and Privacy coins under pressure

Meme coins such as Dogecoin and Bonk, alongside the privacy coin Zcash (ZEC), are leading the broader market losses over the last 24 hours. DOGE, ZEC, and BONK ended their three consecutive days of recovery with a sudden decline on Sunday, as crucial resistance levels capped the gains. Technically, the altcoins show downside risk, starting the week under pressure.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

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.