EUR/USD turns negative near 1.1480 as sentiment sours

The pair now sees some selling pressure below 1.1500.
The greenback looks to pick up pace near 95.50.
US Core CPI rose 0.2% MoM in December, matching consensus.

Pablo Piovano FXStreet

EUR/USD is now facing some downside pressure, tumbling to the area of daily lows in the 1.1480/75 band.

EUR/USD offered after US data

The positive momentum in the risk-associated complex is now taking a breather and is dragging spot around a cent lower since earlier tops in the boundaries of the 1.1580 region. This area coincides with the 61.8% Fibo retracement of the September-November drop.

On the USD-side, the greenback returns to the positive territory after US inflation figures tracked by the CPI during the last month of 2018 came in in line with previous forecasts. In fact, headline CPI dropped at a monthly 0.1% and rose 1.9% from a year earlier. Additionally, CPI stripping food and energy costs rose 0.2% MoM and 2.2% over the last twelve months.

What to look for around EUR/USD

Near term price action in spot continues to be almost exclusively driven by USD-dynamics and the positive risk appetite trends amidst easing effervescence in the US-China trade dispute. Closer to home, the Italian political scenario, upcoming discussions over the French budget and the palpable slowdown in German fundamentals in Q3-Q4 2018 should keep investors vigilant and could undermine extra gains in EUR in the medium term.

EUR/USD levels to watch

At the moment, the pair is losing 0.15% at 1.1482 and a breakdown of 1.1477 (100-day SMA) would target 1.1409 (21-day SMA) en route to 1.1306 (2019 low Jan.3). On the upside, the next hurdle at 1.1569 (2019 high Jan.10) seconded by 1.1585 (61.8% Fibo of the September-November drop) and finally 1.1621 (high Oct.16 2018).

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 risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Australia CPI to highlight persistent price pressures, backing a hawkish outlook

Australia will release its key set of inflation figures for the month of January on Wednesday, with the Consumer Price Index expected to rise by 3.7%, slightly lower than the 3.8% in the last month of 2025.

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.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.