EUR/USD Price Analysis: Further weakness could revisit 1.0600

EUR/USD accelerates losses to the vicinity of the 1.0600 support.
A sustained loss of momentum exposes a visit to the 2023 low.

Pablo Piovano FXStreet

EUR/USD drops to multi-week lows in the 1.0610 region at the end of the week.

If the selling pressure gathers extra impulse, the pair could put the round level at 1.0600 to the test in the short term. The breach of this level could see a potential test of the YTD low at 1.0481 (January 6) emerge on the horizon.

So far, the bearish sentiment is expected to persist as long as the 3-month resistance line, today near 1.0880, caps the upside.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0641
Today Daily Change	63
Today Daily Change %	-0.31
Today daily open	1.0674

Trends
Daily SMA20	1.0805
Daily SMA50	1.0722
Daily SMA100	1.0403
Daily SMA200	1.0327

Levels
Previous Daily High	1.0722
Previous Daily Low	1.0655
Previous Weekly High	1.0799
Previous Weekly Low	1.0666
Previous Monthly High	1.093
Previous Monthly Low	1.0483
Daily Fibonacci 38.2%	1.0681
Daily Fibonacci 61.8%	1.0697
Daily Pivot Point S1	1.0645
Daily Pivot Point S2	1.0616
Daily Pivot Point S3	1.0577
Daily Pivot Point R1	1.0712
Daily Pivot Point R2	1.0751
Daily Pivot Point R3	1.078

Author

Pablo Piovano

FXStreet

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

EUR/USD: Bears retain control below 1.1780-1.1770 confluence breakpoint

The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day.

GBP/USD seems vulnerable near one-month low as traders await US data

The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day. Spot prices trade below mid-1.3400s during the Asian session on Friday and seem vulnerable to slide further as traders now look to important US macro data for a fresh impetus.

Gold eyes next breakout on US GDP, PCE inflation data

Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events. The focus is now on the US fourth-quarter Gross Domestic Product, core Personal Consumption Expenditures Price Index and the Supreme Court’s ruling on President Donald Trump’s tariffs.

Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise

Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary.

Hawkish Fed minutes and a market finding its footing

It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.

Official Trump price approaches breakout with mixed signals from traders

Official Trump (TRUMP) is trading at $3.50 at the time of writing, approaching its upper consolidation range. A breakout from this range could open the door for an upside move. On-chain data shows market indecision, with balanced flows between bulls and bears, signaling a lack of clear directional bias.