EUR/USD
EURUSD edged higher in early Monday, driven by fresh risk appetite, after Friday’s US labor data signaled that the Fed might be done with hiking interest rates.
Fresh gains emerge after a multiple failure to register clear break through Fibo support at 1.0786 (76.4% of 1.0635/1.1275) and facing a minimum requirement in clearing 200DMA (1.0817) to ease existing downside risk and to allow for stronger recovery.
Near-term action remains within the range, limited at the upside by 100DMA (bull-trap) and weighed by thick daily cloud, base of which lays just above the range tops, while Fibo support keeps so far the downside protected.
Technical signals are mixed, as daily studies remain in bearish setup and keep in play risk of bearish continuation through 1.0786 pivot towards targets at 1.0700 (psychological) and 1.0635 (May 31 low).
On the other hand, initial bullish signal is developing on weekly chart (last week’s inverted hammer candle, 14-w momentum broke into positive territory and stochastic is oversold) which keeps alive expectations for stronger advance.
Break of 200DMA to expose 1.0875/86 (20DMA /Fibo 23.6% of 1.1275/1.0766 bear-leg), with extension above 1.0945/60 (Aug 30 recovery top / Fibo 38.2%) needed to signal reversal.
Otherwise, limited recovery (extended upticks to be capped under falling 20DMA) would offer better levels to re-enter larger downtrend.
Res: 1.0817; 1.0834; 1.0875; 1.0945.
Sup: 1.0766; 1.0700; 1.0667; 1.0635.
Interested in EUR/USD technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks

AUD/USD recovers to 0.6300 amid strong Aussie jobs data, Trump's trade talks
AUD/USD has found fresh buyers and reverts to near 0.6350 in Thursday's Asian trading. The pair stays supported by strong Australian jobs data and fresh comments from US President Trump on a likely trade deal with China. However, deteriorating risk sentiment could limit its upside.

USD/JPY hangs near fresh YTD low amid rising BoJ rate hike bets
USD/JPY holds near fresh YTD lows of 150.46 early Thursday. BoJ's rate hike plan continues to push JGB yields higher, further underpinning the Japanese Yen. Markets weigh renewed US tariff talks, keeping the downside intact in the pair. US jobs data and Fedspeak are next in focus.

Gold price eyes fresh record highs and counting
Gold price enters a bullish consolidation phase as Trump’s tariffs affect risk sentiment. US Dollar struggles to hold ground despite hawkish Fed Minutes as US Treasury yields decline weighs. Now gold price awaits acceptance above $2,950 as the daily technical setup favors buyers.

Crypto Today: Litecoin, Binance, and Solana dominate headlines as BTC reclaims $97K
The global cryptocurrency market halted a rut of 3 consecutive losing days, gaining 1.6% to hit $3.13 trillion on Wednesday, Bitcoin price promptly reclaimed the $97,000 territory, rebounding 4% from the 15-day low of $93,388 recorded on Tuesday.

Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.

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.