EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1155
Today Daily Change	20
Today Daily Change %	-0.06
Today daily open	1.1162

Trends
Daily SMA20	1.119
Daily SMA50	1.1226
Daily SMA100	1.1293
Daily SMA200	1.1386

Levels
Previous Daily High	1.1202
Previous Daily Low	1.1159
Previous Weekly High	1.1214
Previous Weekly Low	1.1107
Previous Monthly High	1.1326
Previous Monthly Low	1.1111
Daily Fibonacci 38.2%	1.1176
Daily Fibonacci 61.8%	1.1186
Daily Pivot Point S1	1.1147
Daily Pivot Point S2	1.1131
Daily Pivot Point S3	1.1103
Daily Pivot Point R1	1.119
Daily Pivot Point R2	1.1218
Daily Pivot Point R3	1.1234

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.

AUD/USD slides as AI sell-off rattles Wall Street

The Aussie Dollar dives 0.11% on Thursday as the US Dollar retreats from monthly highs, with safe-haven flows shifting from the Greenback to the Japanese Yen and the Swiss Franc amid losses on Wall Street and US yields. The AUD/USD trades at 0.6960 at the time of writing.

USD/JPY slips below 158.00 as USD retreats

USD/JPY returns to the red below 158.00 in the Asian session on Thursday amid speculation that authorities will step in to prop up the Japanese Yen. Meanwhile, the US Dollar eases from near an 18-month high on profit taking, ignoring Wednesday's hawkish FOMC Minutes and the risk of a further escalation of tensions in the Middle East, adding to the pair's pullback.

Gold clings to daily gains; still below $4,150

Gold regains some composure and climbs back to the vicinity $4,150 mark per troy ounce amid decent gains on Thursday. The yellow metal’s recovery follows some loss of momentum in the US Dollar strength and a decent drop in US Treasury yields across the curve.

XRP downtrend persists as EMA support strains while Binance reserves swell

Ripple (XRP) sellers are gaining ground on Thursday, as the token slips below $1.40. Sell-side pressure remains intense in the broader crypto market, as seen with leading digital assets, including Bitcoin (BTC) currently below $83,000 and Ethereum (ETH), sliding below $2,600. Despite the correction, XRP retains a constructive technical outlook, with support provided by a key moving average cluster.

Three fundamental drivers are all pushing the Euro south. This chart shows them lining up on 1.1000

EUR/USD has already fallen sharply, but the forces pushing the pair lower are becoming increasingly interconnected. French fiscal concerns, renewed energy pressure and an uncomfortable policy dilemma for the European Central Bank (ECB) are colliding with a US economy that continues to give the Federal Reserve (Fed) little reason to turn dovish.

The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

The yield on the UK's 30-year government bond, or gilt, went through 6% on October 1 for the first time since early 1998, and on Monday the Pound was at its strongest against the Euro since June 2025. The gilt market's 28-year high is mostly someone else's. Since early May, the 30-year gilt yield has risen about 0.15 of a percentage point and the US 30-year about 0.7.