EUR/USD technical analysis: Euro pressuring daily lows ahead of FOMC Minutes

The FOMC Minutes are set to be released at 18:00 GMT this Wednesday. The news might lead to some volatility in USD-related pairs, although no fireworks are expected according to analysts.
EUR/USD is consolidating its losses above the 1.1140 level. Will the sellers be able to send EUR/USD down to 1.1106, the 2019 low ?

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs) while it has been consolidating for the fourth consecutive day.

EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting a bearish bias in the near term.

EUR/USD 30-minute chart

The market is currently trading just above the 1.1150 level and below its main SMAs. A break below 1.1140 can potentially send EUR/USD down to the 2019 low at the 1.1106 level. Resistances are at 1.1180 and the 1.1200 figure.

Additional key levels

EUR/USD

Overview
Today last price	1.1156
Today Daily Change	-0.0006
Today Daily Change %	-0.05
Today daily open	1.1162

Trends
Daily SMA20	1.1187
Daily SMA50	1.1241
Daily SMA100	1.1305
Daily SMA200	1.1393

Levels
Previous Daily High	1.1188
Previous Daily Low	1.1142
Previous Weekly High	1.1264
Previous Weekly Low	1.1154
Previous Monthly High	1.1326
Previous Monthly Low	1.1111
Daily Fibonacci 38.2%	1.1159
Daily Fibonacci 61.8%	1.117
Daily Pivot Point S1	1.114
Daily Pivot Point S2	1.1117
Daily Pivot Point S3	1.1093
Daily Pivot Point R1	1.1187
Daily Pivot Point R2	1.1211
Daily Pivot Point R3	1.1233

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.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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.