EUR/USD technical analysis: Fiber eases from daily highs, trading sub-1.1220 resistance

Italian political uncertainties could keep a lid on the EUR in the next few days.
The key level to beat for bears is the 1.1174 support.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is consolidating for the fourth consecutive day the recent move up. The single currency is capped by the 1.1253 resistance and the 50/100-day simple moving averages (DSMAs). The greenback is currently rather flat as the 10-year bond yields are consolidating losses and the US equity market had a notable recovery in the last three days. On the other hand, the sentiment on the EUR is poor due, in part, to political uncertainties in Italy.

EUR/USD 4-hour chart

The market is currently in a range between the 1.1253 resistance and the 1.1174 while trading below the 200 SMA. Bears would need a clear break below the 1.1174 key support which could lead to a retracement down towards 1.1138 and 1.1105, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

The market popped to the 1.1220 resistance but found no acceptance above the level. Buyers need a daily close above 1.1220 and 1.1253 to climb towards 1.1282 resistance, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.1204
Today Daily Change	0.0024
Today Daily Change %	0.21
Today daily open	1.118

Trends
Daily SMA20	1.118
Daily SMA50	1.1239
Daily SMA100	1.1227
Daily SMA200	1.1298

Levels
Previous Daily High	1.1234
Previous Daily Low	1.1177
Previous Weekly High	1.1164
Previous Weekly Low	1.1027
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1198
Daily Fibonacci 61.8%	1.1212
Daily Pivot Point S1	1.116
Daily Pivot Point S2	1.114
Daily Pivot Point S3	1.1103
Daily Pivot Point R1	1.1217
Daily Pivot Point R2	1.1253
Daily Pivot Point R3	1.1273

Author

Flavio Tosti

Independent Analyst

EUR/USD gains traction to near 1.1800 as tariff uncertainty weighs on US Dollar

The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar weakens against the Euro amid US tariff uncertainty. The release of the US January Producer Price Index report will be in the spotlight later on Friday.

GBP/USD treads water near 1.3500 as BoE-Fed divergence debate stalls

GBP/USD spent Monday spinning in place as market participants await a fresh catalyst to break the pair out of its recent range. The BoE's February hold came with a surprisingly dovish 5-4 split, and UK Consumer Price Index data last week showed inflation easing to 3.0%, reinforcing the case for earlier rate cuts, with most economists now looking to April or March for the next move.

Gold down but not out as key $5,140 support holds

Gold consolidates the advance to monthly top of $5,250 in Tuesday’s Asian trades. The US Dollar finds demand as liquidity returns and risk sentiment recovers, despite US tariffs uncertainty. Gold defends 61.8% Fibo resistance at $5,142 amid the pullback, daily RSI remains bullish.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

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.