EUR/USD to extend the bounce on a break above 1.1860 – SocGen

FXStreet Insights Team FXStreet

EUR/USD recently formed a low near 1.1660 resulting in a phase of rebound. The pair is now probing the daily Ichimoku cloud at 1.1840/1.1860. Overcoming this can result in an extended bounce towards 1.1910 and 200-day moving average (DMA) at 1.1980/1.2010, as reported by Société Générale.

See: EUR/USD to extend its gains toward the 1.1990/1.2005 zone – Commerzbank

EUR/USD moves towards 1.1860 where the next hurdle is situated

“The EUR/USD pair is likely to head higher towards the daily Ichimoku cloud at 1.1840/1.1860. If this is overcome, the bounce could extend towards July peak of 1.1910 with next hurdle at 200-DMA near 1.1980/1.2010.”

“Consolidation above 1.1730/1.1720, the 61.8% retracement of recent rebound will be essential for persistence in up move.”

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

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.