Key highlights
- EUR/USD declined heavily and opened lower below 1.0320.
- It traded below a key bullish trend line with support at 1.0370 on the 4-hour chart.
EUR/USD technical analysis
Looking at the 4-hour chart, the pair settled below the 1.0350 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The bears seem to be in control and might aim for more losses.
On the downside, immediate support sits near the 1.0210 level. The next key support sits near the 1.0200 level. Any more losses could send the pair toward the 1.1165 level.
On the upside, the pair seems to be facing hurdles near the 1.0270 level. The next major resistance is near the 1.0300 level. A close above the 1.0300 level could set the tone for another increase. In the stated case, the pair could even clear the 1.0350 resistance and the 100 simple moving average (red, 4-hour).
Looking at Bitcoin, there was a sharp decline and the price traded below the $95,000 support zone.
Titan FX is registered and regulated in New Zealand under FSP388647. Our global headquarters and operational hub is located in Auckland, New Zealand.
Recommended Content
Editors’ Picks
AUD/USD: Bulls need to clear 0.6540
AUD/USD reversed part of Monday’s optimism and came all the way down to revisit the 0.6450 region, where its critical 200-day SMA also sits. The marked daily pullback in the pair followed the solid rebound in the US Dollar despite steady concerns on the trade front.
EUR/USD: Tough resistance emerges around 1.1450
EUR/USD gave away most of the gains recorded at the beginning of the week, coming back to the area below the 1.1400 support on the back of the resurgence of the bid bias in the Greenback. Market participants will now shift their attention to the upcoming data releases in the US labour market.
Gold holds on to higher ground around $3,350
Gold is falling from its multi-week high of over $3,400 achieved on Monday. It is currently losing further momentum and flirting with the $3,350 region per troy ounce on the back of a strong Greenback, higher yields and mixed US data.
Ripple Price Prediction: XRP could stage massive recovery amid growing institutional adoption
Ripple’s (XRP) gains momentum as the crypto market broadly consolidates, trading at $2.22 at the time of writing on Tuesday. The slight uptick in the XRP price comes amid recovery in the broader crypto market, particularly with Bitcoin (BTC) stepping above $106,000.
AUD/USD: Bulls need to clear 0.6540
AUD/USD reversed part of Monday’s optimism and came all the way down to revisit the 0.6450 region, where its critical 200-day SMA also sits. The marked daily pullback in the pair followed the solid rebound in the US Dollar despite steady concerns on the trade front.
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.