EUR/USD Technical Analysis: Euro testing last week lows as bears keep the market below 1.1500 figure

EUR/USD is trading in a bear trend below the 200-period simple moving average.
EUR/USD is trading about 30-pips away from last week low at the 1.1430 level. The market remains weak with the RSI, MACD and Stochastic indicators in bearish territories. A break below 1.1430 would open the doors to 1.1400 and potentially the 2018 low at 1.1300 figure.
However, a breakout above 1.1500 would be a warning signal for bears.

Flavio Tosti Independent Analyst

EUR/USD 4-hour chart

Spot rate: 1.1460
Relative change: 0.07%
High: 1.1477
Low: 1.1433

Main trend: Bearish

Resistance 1: 1.1500 figure and October 2 swing low
Resistance 2: 1.1530 August 23 swing low (key level)
Resistance 3: 1.1569 Sept. 28 low
Resistance 4: 1.1600 figure
Resistance 5: 1.1630 August 8 high key level
Resistance 6: 1.1654 August 27 high

Support 1: 1.1463 October 4 low
Support 2: 1.1430 October 9 low
Support 3: 1.1400 figure

Author

Flavio Tosti

Independent Analyst

EUR/USD clings to gains around 1.1800

EUR/USD manages to regain composure and retests the 1.1800 region in quite a positive start to the week. The pair’s bounce follows the US Dollar’s offered stance post-SCOTUS ruling ahead of important US data and Fedspeak on Tuesday.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Ethereum Price Forecast: BitMine's holdings reach 4.42 million ETH as Fundstrat predicts 87% win-ratio

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped up 51,162 ETH last week, marking its largest purchase since December.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.