EUR/USD Technical Analysis: Euro enters Asia holding above the 1.1000 handle

EUR/USD is trading just above the 1.1020 level as the New York session comes to an end.
The key level to beat for bears is the 1.0996 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the euro/dollar currency pair is trading in a downtrend below its main daily simple moving averages (DMAs). This Tuesday, the market climbed above the 1.1020 resistance.

EUR/USD four-hour chart

The market is correcting the recent losses above the November lows while staying under selling pressure below its main SMAs.

The key support to break for sellers is likely located near the 1.0996 level near the current monthly low. If bears can break this level, the market could decline towards the 1.0969 and 1.0910 price levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above the 1.1020 resistance and the 50/100 SMAs, suggesting that the market is correcting up. A daily close above the 1.1035/1.1049 resistance zone could question the bear case in the near term.

Additional key levels

EUR/USD

Overview
Today last price	1.1021
Today Daily Change	0.0010
Today Daily Change %	0.09
Today daily open	1.1011

Trends
Daily SMA20	1.1068
Daily SMA50	1.1043
Daily SMA100	1.1085
Daily SMA200	1.1172

Levels
Previous Daily High	1.1034
Previous Daily Low	1.1003
Previous Weekly High	1.1098
Previous Weekly Low	1.1014
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1015
Daily Fibonacci 61.8%	1.1022
Daily Pivot Point S1	1.0998
Daily Pivot Point S2	1.0986
Daily Pivot Point S3	1.0968
Daily Pivot Point R1	1.1028
Daily Pivot Point R2	1.1046
Daily Pivot Point R3	1.1058

Author

Flavio Tosti

Independent Analyst

EUR/USD stays in tight channel near 1.1800

EUR/USD moves sideways in a narrow band at around 1.1800 in the second half of the day on Friday as investors refrain from taking large positions. February inflation data from Germany and January Producer Price Index figures from the US could drive the pair's action heading into the weekend.

GBP/USD struggles below 1.3500 amid UK political drama, BoE easing bias

GBP/USD struggles to build on the overnight modest bounce from the weekly low and oscillates in a narrow band below 1.3500 on Friday. The Gorton and Denton by-election, held on February 26, has become a focal point of political drama in the UK, along with the BoE easing expectations, acting as a headwind for the GBP.

Gold flat lines below $5,200; traders look to US PPI for fresh impetus

Gold struggles to capitalize on its modest gains registered over the past two days and trades below the $5,200 mark through the first half of the European session on Friday. Geopolitical risks remain in play amid a large US naval and air power buildup in the Middle East.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.