TRENDING:

GBP/USD

XAU/USD

EUR/USD sees choppy Friday, testing 1.06

The EUR/USD is catching some minor lift but mostly flat for Friday near 1.0600.
Broad market sentiment is seeing an improvement heading into the close, pushing down the US Dollar.
Next week to open quiet before a double-header PMI reading for both the EU and the US on Tuesday.

Joshua Gibson FXStreet

The EUR/USD kicked off Friday's trading session near 1.0586 and has been keeping in a tight range for most of the day, dipping into an early low of 1.0565 before catching a choppy lift into the 1.0600 handle.

The Euro (EUR) caught a lift higher on Thursday, pinging 1.0616 after dovish comments from Federal Reserve (Fed) Chairman Jerome Powell pushed down market expectations of a quicker rate cut cycle in the future.

Friday sees limited action as investors position themselves ahead of the weekend closing bell before next week rounds the corner into a dual Purchasing Manager Index (PMI) reading for both the EU and the US.

Before that, Euro traders will see Monday's latest EU Consumer Sentiment indicator, with October's reading forecast to decline from -17.8 to -18.2, and then Tuesday brings the latest round of EU HCOB PMIs for October, where investors are expecting the headline composite figure to tick upwards into 47.4 from 47.2.

Following that will be the US' S&P Global PMIs for October, with the services and manufacturing components are both expected to decrease slightly; the Services PMI is expected to slip from 49.8 to 49.5, while the manufacturing side is seen declining from 50.1 to 49.9.

EUR/USD Technical Outlook

The Euro is seeing some sideways momentum develop on the daily candlesticks, with the descending trendline from 1.1275 creating some rough chop on the charts, and topside pressure from the descending 50-day Simple Moving Average currently dropping through 1.0700. Bidders will have a difficult time getting past the last swing high into 1.0650 if momentum doesn't develop soon, and the 200-day SMA is rolling over into a bearish stance just north of 1.0800.

On the low side, the last swing low into 1.0450 represents the near-term floor, and a bearish continuation leaves the EUR/USD exposed to further downside into fresh lows for 2023, with the nearest technical support at last November's bottoms at 1.0222.

EUR/USD Daily Chart

EUR/USD Technical Levels

EUR/USD

Overview
Today last price	1.0593
Today Daily Change	0.0011
Today Daily Change %	0.10
Today daily open	1.0582

Trends
Daily SMA20	1.0556
Daily SMA50	1.0697
Daily SMA100	1.0827
Daily SMA200	1.082

Levels
Previous Daily High	1.0617
Previous Daily Low	1.0528
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0583
Daily Fibonacci 61.8%	1.0562
Daily Pivot Point S1	1.0535
Daily Pivot Point S2	1.0487
Daily Pivot Point S3	1.0446
Daily Pivot Point R1	1.0624
Daily Pivot Point R2	1.0665
Daily Pivot Point R3	1.0712

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD flatlines below 1.1800 amid trading lull, awaits Fed Minutes

EUR/USD trades around a flatline below 1.1800 in European trading on Tuesday. The pair lacks any trading impetus as the US Dollar moves little amid market caution ahead of the Fed's December Meeting Minutes release, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD retakes 1.3500 despite the year-end grind

GBP/USD finds fresh demand and retakes 1.3500 on Tuesday as markets grind through the last trading week of the year. Despite the latest uptick, the pair is unlikely to see further progress due to the year-end holiday volumes.

Gold holds the bounce on Fed rate cut bets, safe-haven flows

Gold holds the rebound near $4,350 in the European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was Gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Tron steadies as Justin Sun invests $18 million in Tron Inc.

Tron (TRX) trades above $0.2800 at press time on Monday, hovering below the 50-day Exponential Moving Average (EMA) at $0.2859.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).