EUR/USD struggling to hang on to 1.15

Italian budget concerns continue to weigh on the Euro as bond yield spreads steadily widen.
The Euro sees a thin calendar for Tuesday, lending extra weight to political headlines for the day.

Joshua Gibson FXStreet

The EUR/USD is trading flat and steady in early Tuesday action just shy of the 1.15 handle as the pair holds close to near-term lows.

The Euro drifted into an early low for the week on Monday with US markets off for the long weekend, and the EUR/USD heads into Tuesday's markets with a thin calendar on the docket, though US exchanges will be back online for the week, bringing a much-needed injection of market volumes.

Europe has a thin day on the data docket for Tuesday, and market action will be going to the US session, where American PPI figures will be dropping at 12:30 GMT, and forecast to tick up slightly from 2.3% to 2.4%.

Italy headlines remain a drag on the EUR, with Italian bonds continuing to underperform against their major benchmark peers as political confidence crumbles, and the downside pull of the Italian government's budget concerns is poorly timed, with broader markets already suffering a lack of confidence at the hands of rising US Treasury bond yields and increasing discomfort surrounding global trade, and this week could see the EUR/USD take a further haircut.

EUR/USD levels to watch

The major Euro pairing looks set for an extended slide according to the charts, and according to FXStreet's own Valeria Bednarik: "the dollar seems poised to extend its advance, as, once the market returns in full fashion, there are good chances that US Treasury yields will skyrocket. The EUR/USD pair 4 hours chart shows that the pair failed to sustain modest gains above a firmly bearish 20 SMA, now offering a dynamic intraday resistance at around 1.1500, as the Momentum maintains its bearish slope below its 100 level, but the RSI indicator stabilized right above oversold readings, amid the limited volume and the lack of follow-through. The 1.1460 price zone is a strong long-term static support, as the pair topped around it multiple times between 2015 and 2017, and won't be easy to break, but if it blows away, the pair has room to extend its slump down to 1.1250."

Support levels: 1.1460 1.1420 1.1475

Resistance levels: 1.1500 1.1530 1.1565

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.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

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.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

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.