|

EUR/USD weaker, tumbles further near 1.1150

The bearish tone around the common currency remains intact on Tuesday, with EUR/USD now flirting with daily lows near 1.1150.

EUR/USD breaks below 200-day sma

The pair has quickly broke below the critical 200-day sma at 1.1165 during the European morning in response to a persistent demand for the greenback, which has lifted the US Dollar Index to fresh tops above the 96.00 limestone.

News from the ECB notes board member P.Praet said that extra signs of banking weakness have emerged since the beginning of the year following different episodes of financial markets turbulence. In that regard, shares of the German benchmark Deutsche Bank are extending the recovery today, up nearly 1% around 11.65%, while Monte Dei Paschi Di Siena is shedding around 1.5% at 0.1805.

Later in the NA session, IBD/TIPP Economic Optimism index is only due across the pond, ahead of the API report on US crude stockpiles.

EUR/USD levels to watch

The pair is now losing 0.48% at 1.1157 facing the immediate support at 1.1103 (2014-2016 support line) ahead of 1.1043 (low Aug.5) and finally 1.0994 (7-month support line). On the flip side, a break above 1.1270 (resistance line off 2016 high) would target 1.1279 (high Sep.26) en route to 1.1329 (high Sep.8).

Author

Pablo Piovano

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

More from Pablo Piovano
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD flatlines below 1.1800 amid trading lull, awaits Fed Minutes

EUR/USD trades around a flatline below 1.1800 in European trading on Tuesday. The pair lacks any trading impetus as the US Dollar moves little amid market caution ahead of the Fed's December Meeting Minutes release, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD retakes 1.3500 despite the year-end grind

GBP/USD finds fresh demand and retakes 1.3500 on Tuesday as markets grind through the last trading week of the year. Despite the latest uptick, the pair is unlikely to see further progress due to the year-end holiday volumes.

Gold holds the bounce on Fed rate cut bets, safe-haven flows

Gold holds the rebound near $4,350 in the European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was Gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Tron steadies as Justin Sun invests $18 million in Tron Inc.

Tron (TRX) trades above $0.2800 at press time on Monday, hovering below the 50-day Exponential Moving Average (EMA) at $0.2859.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).