EUR/USD Technical Analysis: Euro trading mixed ahead of FOMC minutes

The market is consolidating the recent gains below the 1.1083 resistance ahead of the FOMC minutes.
The level to beat for bears is the 1.1043 level.

Flavio Tosti Independent Analyst

EUR/USD daily chart

The Euro, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). EUR/USD is trading mixed ahead of the FOMC minutes at 19:00 GMT.

EUR/USD four-hour chart

The market is trading below the 1.1083 resistance and the 100/200 SMAs. As the sellers manage to keep the spot below 1.1083, there is the potential for a move down to the 1.1043, 1.1014 and 1.0991 levels, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below its 50 and 100 SMAs, suggesting a potential correction down in the near term. Resistance is seen at 1.1083. However, a daily close above the level can lead to further gains towards the 1.1112 and 1.1152 resistances.

Additional key levels

EUR/USD

Overview
Today last price	1.1066
Today Daily Change	-0.0011
Today Daily Change %	-0.10
Today daily open	1.1077

Trends
Daily SMA20	1.1081
Daily SMA50	1.1043
Daily SMA100	1.1093
Daily SMA200	1.1177

Levels
Previous Daily High	1.1086
Previous Daily Low	1.1062
Previous Weekly High	1.1058
Previous Weekly Low	1.0989
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1077
Daily Fibonacci 61.8%	1.1071
Daily Pivot Point S1	1.1065
Daily Pivot Point S2	1.1052
Daily Pivot Point S3	1.1041
Daily Pivot Point R1	1.1088
Daily Pivot Point R2	1.1098
Daily Pivot Point R3	1.1111

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.