EUR/USD Technical Analysis: Euro trading below 1.1775 resistance ahead of FOMC

EUR/USD is trading inside Tuesday’s range as the market retraced about 50% of its last move lower to 1.1730 made in the last 24 hours.
The 1.1775 intraday supply level of the last two days is seen as the next likely resistance after which 1.1821 current’s week high should offer resistance as well.
A strong breakout below the key 1.1730 level should open the gates to a larger sell-off with FOMC being the next potential catalyst at 18:00 GMT this Wednesday.

Flavio Tosti Independent Analyst

EUR/USD 15-minute chart

Spot rate: 1.1768
Relative change: 0.20%
High: 1.1771
Low: 1.1729

Trend: Bearish below 1.1850

Resistance 1: 1.1775 intraday supply level
Resistance 2: 1.1821 current week’s high
Resistance 3: 1.1850 figure and near last week’s high

Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low
Support 3: 1.1600 figure

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.