EUR/USD Technical Analysis: Mission accomplished for bears as Euro hits 1.1327 this Friday

Flavio Tosti Independent Analyst

EUR/USD 4-hour chart

EUR/USD tumbled as low as 1.1327 this Friday missing Wednesday's forecast by only 7 pips.
EUR/USD is trading below its main simple moving averages while its technical indicators are in bearish territories. The path of least resistance suggests a drop towards 1.1255, the 2018 low.
On the flip side, if bulls can bounce from the 1.1330 level, the next resistance to the upside is the 1.1430 level.

Additional key levels

EUR/USD

Overview:
    Last Price: 1.1331
    Daily change: -75 pips
    Daily change: -0.658%
    Daily Open: 1.1406
Trends:
    Daily SMA20: 1.137
    Daily SMA50: 1.1494
    Daily SMA100: 1.1553
    Daily SMA200: 1.1797
Levels:
    Daily High: 1.1434
    Daily Low: 1.1381
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1414
    Daily Fibonacci 61.8%: 1.1402
    Daily Pivot Point S1: 1.138
    Daily Pivot Point S2: 1.1354
    Daily Pivot Point S3: 1.1327
    Daily Pivot Point R1: 1.1433
    Daily Pivot Point R2: 1.1461
    Daily Pivot Point R3: 1.1487

Author

Flavio Tosti

Independent Analyst

EUR/USD recedes to daily lows near 1.1770

EUR/USD is losing some momentun, easing to daily troughs around 1.1770 on turnaround Tuesday. The pair’s pullback comes amid solid gains in the US Dollar, all amid lingering uncertainty around US tariffs ahead of comments from Fed officials.

GBP/USD comes under pressure below 1.3500, focus on BoE

GBP/USD is on the defensive again on Tuesday, hovering below the 1.3500 mark as the Greenback stages a firm rebound after two soft sessions. Investors, in the meantime, are expected to closely follow BoE official’s comments later in the day.

Gold fades the advance, back to $5,100

Gold is giving back a good portion of the recent multi-day rally, receding to the boundaries of the $5,100 region per troy ounce amid the marked rebound in the Greenback. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.