EUR/USD Price Analysis: Euro extends losses but 100-200 SMA crossover offers support

EUR/USD was seen trading around the 1.0820 area after the European session, falling for a third consecutive day.
Despite shedding over 1% this week, the recent bullish crossover between the 100- and 200-day SMAs may provide a strong base.
Momentum indicators turn bearish, with RSI dropping sharply and MACD printing a fresh red bar.

Patricio Martín FXStreet

EUR/USD declined on Friday’s session after the European close, moving near the 1.0820 zone as the pair tallied a third straight day in the red. After a strong rally earlier in the month, the pair has lost over 1% this week, with momentum indicators now flashing bearish signals. Still, structural support remains firm as key moving averages align beneath current price levels.

The Relative Strength Index (RSI) has sharply retreated within positive territory and now hovers near neutral, hinting at fading bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has shifted direction, printing a fresh red bar, which confirms weakening momentum in the short term.

From a broader perspective, a bullish crossover between the 100-day and 200-day Simple Moving Averages has taken shape this week, forming a solid technical floor near the 1.0730 region. This development helps cushion the downside, even if sellers continue to weigh on the pair in the near term.

Looking ahead, immediate support is seen at the 1.0780-1.0730 zone, where the moving average crossover occurred. A break below could expose further losses toward 1.0660. On the upside, resistance now sits at 1.0900, followed by 1.1000 should buyers regain control.

EUR/USD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD rebounds from session lows, stays below 1.1650

EUR/USD is recovers modestly from session lows but remains in the red below 1.1650 in European trading on Thursday. The pair faces headwinds from a renewed uptick in the US Dollar amid a negative shift in risk sentiment. Surging energy prices due to the Middle East war keep the bearish pressure intact on the Euro. The US Jobless Claims data are next of note.

GBP/USD stays weak near 1.3350 amid UK stagflation risks

GBP/USD sticks to losses near 1.3350 in the European session on Thursday. The Pound Sterling loses ground amid fears that the United Kingdom economy could face stagflation risks due to higher energy prices, while the US Dollar attracts fresh havem demand ahead of the US Jobless Claims data.

Gold climbs near $5,200 as Iran war fuels safe-haven demand

Gold price extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East. US and Israeli strikes across Iranian territory and widespread Iranian missile and drone retaliation across the Middle East, including attacks on regional targets and military sites, prolong the crisis and its impact.

Three reasons to be bearish on Bitcoin

Bitcoin is holding up well taking into account the uncertainty stemming from the Middle East. Despite this week’s rally, the long-term outlook remains bearish. Here are three reasons why I think the storm for the largest cryptocurrency isn't over yet.

Markets attempt to rally on positive news from Iran

There’s been an abrupt change in sentiment this morning, European stock markets are higher and oil and gas prices are moderating, after comments from Iran’s deputy minister about pre-conflict talks between Iran and the US.

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.