EUR/USD Technical Analysis: Room for the continuation of the sideline theme in the near term

The pair continues its multi-session rangebound pattern following another rejection from recent tops in levels above the key 1.1600 handle .
The pair gained some extra downside pressure after breaking below the 100-hour SMA, today at 1.1575, while the initial support aligns at the 10-day SMA at 1.1542.
A deeper pullback should see October’s low at 1.1430 retested ahead of the critical 200-week SMA, today at 1.1323.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1564
    Daily change: -10 pips
    Daily change: -0.0864%
    Daily Open: 1.1574
Trends:
    Daily SMA20: 1.1608
    Daily SMA50: 1.1586
    Daily SMA100: 1.1628
    Daily SMA200: 1.1916
Levels:
    Daily High: 1.1622
    Daily Low: 1.1565
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.143
    Daily Fibonacci 38.2%: 1.1587
    Daily Fibonacci 61.8%: 1.16
    Daily Pivot Point S1: 1.1552
    Daily Pivot Point S2: 1.153
    Daily Pivot Point S3: 1.1495
    Daily Pivot Point R1: 1.1609
    Daily Pivot Point R2: 1.1644
    Daily Pivot Point R3: 1.1666

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 recovers some early losses driven by rising energy prices amid US-Iran war

The EUR/USD pair claws back some of its early losses during the late Asian trading session on Monday, but is still 0.25% down to near 1.1780. Earlier in the day, the Euro declined sharply against the US Dollar as investors shifted to the safe-haven fleet amid the brutal war between Iran, Israel, and the United States, which broke out over the weekend.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold looks further north as Iran war boosts haven demand

Gold is taking a breather after the initial run to over one-month highs near $5,400, kicking off the new week with a bang. A global flight to safety theme, following the US-Israel joint attacks on Iran over the weekend, bolstered the demand for the traditional store of value, Gold.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.