EUR/USD Technical Analysis: Bullish counter-attack might not be over, 1.1400 level not as strong as it seems

EUR/USD bear trend is having trouble to resume its course as bulls are insisting to trade near the 1.1400 figure.
EUR/USD broke to a new daily highs and bulls are keeping the price close to the 1.1400 figure as the market is making higher highs and higher lows. Targets to the upside are located near 1.1430 and 1.1483.
A sustained breakout below 1.1365 would negate the short-term bullish scenario

Flavio Tosti Independent Analyst

EUR/USD 15-minute chart

Spot rate: 1.1399
Relative change: 0.48%
High: 1.1409
Low: 1.1335

Trend: Bearish

Resistance 1: 1.1400 figure
Resistance 2: 1.1430 August 14 high
Resistance 3: 1.1483 intraday swing high (August 10)

Support 1: 1.1365 August 13 low
Support 2: 1.1347 intraday swing high (August 15)
Support 3: 1.1300 figure
Support 4: 1.1250 May 24, 2017 high
Support 5: 1.1178 June 27, 2017 low

Author

Flavio Tosti

Independent Analyst

EUR/USD clings to humble gains around 1.1780

EUR/USD manages to reverse Tuesday’s pullback, sticking to daily gains around 1.1780 following an earlier bull run past 1.1800 the figure. The pair’s slight advance comes on the back of the equally marginal uptick in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House.

GBP/USD flirts with weekly tops north of 1.3500

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 marginal advance in the Greenback and a generalised improved mood in the risk-associated universe. Meanwhile, the US tariff narrative continues to dictate the mood among market participants.

Gold picks up pace, focus on $5,200

Gold buyers are stepping back in on Wednesday, with sights set on $5,200 and potentially higher, after Tuesday’s pullback from monthly highs. The yellow metal’s recovery follows some loss of momentum in the US Dollar after Trump’s SOTU speech failed to deliver fresh impetus and AI-related jitters continue to fade.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

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.