EUR/USD
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had declined to the support of the 100-hour simple moving average and the 1.2000 mark.
In the near term future, if the rate passes the support of the 1.2000 level, it would look for support in the March and April high level zone that surrounds the 1.1990 level. If this level would be passed, the rate could reach for the 200-hour simple moving average near 1.1965.
On the other hand, a potential recovery of the rate most likely could encounter resistance in the combination of the weekly R1 simple pivot point and the 55-hour simple moving average at 1.2030. Afterwards, the weekly R2 and the 1.2080 level could provide resistance.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks

Gold refreshes all-time highs above $3,000 on escalating geopolitical tensions
Gold price is reneweing record highs beyond $3,000 early Tuesday on intensifying geopolitical Middle East tensions. Israel resumes military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. Further US-Iran tensions add to the latest leg up in the safe-haven Gold.

EUR/USD holds below 1.0950, hopes of German fiscal deal might help limit its losses
The EUR/USD pair trades with mild losses around 1.0915 during the Asian session on Tuesday. Escalating trade war with further tariffs from US President Donald Trump on European Union goods weighs on the Euro.

GBP/USD moves below 1.3000, downside seems limited as US Dollar remains vulnerable
GBP/USD retreats after gaining in the previous session, hovering around 1.2970 during Asian trading on Tuesday. The pair faces pressure as the US Dollar attempts to recover losses from the last two sessions. However, downside movement may be limited as the Greenback remains vulnerable.

Ethereum consolidates below $2,000 as Standard Chartered alters its prediction for 2025
Ethereum remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium
Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.