EUR/USD technical analysis: Euro off daily highs after the London close

EUR/USD is easing from daily highs in quiet a Monday trading session.
Earlier in the European session, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier, in the European session, the Factory Orders in Germany declined by 0.6% monthly and 6.7% yearly in August.

EUR/USD four-hour chart

The spot is trapped in the 1.0960-1.1000 trading range. The market would need a break above the 1.1000 handle to move up towards the 1.1025/43 resistances, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs, suggesting a bullish bias in the near term. Immediate support is seen at the 1.0975 and 1.0960/40 price levels. Further down lie the 1.10890 support, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.0981
Today Daily Change	0.0003
Today Daily Change %	0.03
Today daily open	1.0978

Trends
Daily SMA20	1.0999
Daily SMA50	1.1062
Daily SMA100	1.1152
Daily SMA200	1.1232

Levels
Previous Daily High	1.1
Previous Daily Low	1.0957
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0984
Daily Fibonacci 61.8%	1.0974
Daily Pivot Point S1	1.0957
Daily Pivot Point S2	1.0935
Daily Pivot Point S3	1.0914
Daily Pivot Point R1	1.0999
Daily Pivot Point R2	1.1021
Daily Pivot Point R3	1.1042

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

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.