EUR/USD Technical Analysis: Remains under pressure near 1.1090

EUR/USD stays vulnerable around the 1.1100 area.
Attention is now on the key 55-day SMA at 1.1092.

Pablo Piovano FXStreet

The selling bias in EUR/USD looks everything but unabated so far today.

The bullish move that started in early December appears to have lost momentum, leaving an interim top in the vicinity of 1.1240 (December 31^st) for the time being.

If sellers continue to gain control of the markets, the spot is likely to break below the key 55-day SMA around 1.1090. Below this level, the pair’s outlook should shift to bearish.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1097
Today Daily Change	20
Today Daily Change %	-0.08
Today daily open	1.1106

Trends
Daily SMA20	1.1141
Daily SMA50	1.1093
Daily SMA100	1.1066
Daily SMA200	1.1141

Levels
Previous Daily High	1.1122
Previous Daily Low	1.1092
Previous Weekly High	1.1276
Previous Weekly Low	1.1124
Previous Monthly High	1.124
Previous Monthly Low	1.1002
Daily Fibonacci 38.2%	1.1103
Daily Fibonacci 61.8%	1.111
Daily Pivot Point S1	1.1092
Daily Pivot Point S2	1.1077
Daily Pivot Point S3	1.1063
Daily Pivot Point R1	1.1121
Daily Pivot Point R2	1.1136
Daily Pivot Point R3	1.115

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD trades with negative bias, eyes 1.3600 ahead of UK jobs data

The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and holds above the 1.3600 mark through the Asian session on Tuesday. Traders now look forward to the release of the UK monthly jobs report, which will influence the British Pound and provide some impetus to the currency pair.

Gold sticks to a negative bias below $5,000; lacks bearish conviction

Gold remains depressed for the second consecutive day and trades below the $5,000 psychological mark during the Asian session on Tuesday, as a positive risk tone is seen undermining safe-haven assets. Meanwhile, bets for more interest rate cuts by the Fed keep a lid on the recent US Dollar bounce and act as a tailwind for the non-yielding bullion, warranting caution for bearish traders ahead of FOMC minutes on Wednesday.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

US CPI is cooling but what about inflation?

The January CPI data give the impression that the Federal Reserve is finally winning the war against inflation. Not only was the data cooler than expected, but it’s also beginning to edge close to the mystical 2 percent target. CBS News called it “the best inflation news we've had in months.”

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.