EUR/USD Technical Analysis: Fiber rolling into Asia near 1.1300 handle

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

EUR/USD is trading above the main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

EUR/USD is trading below the 50 SMA suggesting a correction down in the short-term.
A break below 1.1300 can lead to 1.1280 and 1.1250 to the downside.
Bulls would need to break the key resistance at 1.1330 followed by 1.1360 level.

Additional key levels

EUR/USD

Overview
Today last price	1.1304
Today Daily Change	0.0004
Today Daily Change %	0.04
Today daily open	1.13

Trends
Daily SMA20	1.1275
Daily SMA50	1.1305
Daily SMA100	1.1351
Daily SMA200	1.1449

Levels
Previous Daily High	1.1326
Previous Daily Low	1.1252
Previous Weekly High	1.1326
Previous Weekly Low	1.1213
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1298
Daily Fibonacci 61.8%	1.1281
Daily Pivot Point S1	1.126
Daily Pivot Point S2	1.1219
Daily Pivot Point S3	1.1186
Daily Pivot Point R1	1.1334
Daily Pivot Point R2	1.1367
Daily Pivot Point R3	1.1408

Author

Flavio Tosti

Independent Analyst

EUR/USD meets initial support around 1.1800

EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.

GBP/USD bounces off lows, retargets 1.3550

After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.

Gold remains offered below $5,000

Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.

Ethereum Price Forecast: BitMine extends ETH buying streak, says long-term outlook remains positive

Ethereum (ETH) treasury firm BitMine Immersion continued its weekly purchase of the top altcoin last week after acquiring 45,759 ETH.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.