EUR/USD technical analysis: Euro rolling into the Asian session near the 1.1080 level

EUR/USD is ending Wednesday near the weekly lows.
The level to beat for sellers is the 1.1080 support followed by the 1.1062 level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

On the daily time-frame, the single currency is trading in a bear trend below its daily simple moving averages (DSMAs). The market is down for the third day in a row.

EUR/USD 4-hour chart

The Fiber is slowly drifting lower below the main SMAs. Bears have a daily close below the 1.1080 support which is seen as bearish and opens the prospects for a move down towards 1.1062 and 1.1033 levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistance is seen at 1.1080, 1.1098 and 1.1117 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1078
Today Daily Change	-0.0012
Today Daily Change %	-0.11
Today daily open	1.109

Trends
Daily SMA20	1.1133
Daily SMA50	1.1205
Daily SMA100	1.1211
Daily SMA200	1.1282

Levels
Previous Daily High	1.1116
Previous Daily Low	1.1086
Previous Weekly High	1.1154
Previous Weekly Low	1.1052
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1097
Daily Fibonacci 61.8%	1.1105
Daily Pivot Point S1	1.1078
Daily Pivot Point S2	1.1067
Daily Pivot Point S3	1.1048
Daily Pivot Point R1	1.1109
Daily Pivot Point R2	1.1128
Daily Pivot Point R3	1.114

Author

Flavio Tosti

Independent Analyst

EUR/USD faces some resistance near 100-SMA on H4, around 1.1830 zone

The EUR/USD pair gains some follow-through positive traction for the second consecutive day and climbs to the 1.1830 region during the Asian session on Thursday. The US Dollar remains on the back foot amid concerns about the economic fallout from US President Donald Trump's erratic trade policies and acts as a tailwind for spot prices.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold struggle with $5,200 extends ahead of more US-Iran talks

Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.

Top Crypto Gainers: Polkadot, Near Protocol, Uniswap lead market rebound

Altcoins, such as Polkadot, Near Protocol, and Uniswap, are leading gains over the last 24 hours as Bitcoin jumped 6% on Wednesday. The altcoins are holding steady at press time on Thursday following a rebound the previous day, testing the waters around their 50-day Exponential Moving Average.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

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.