News & Analyses

Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery

Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses

Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance

FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of Nvidia earnings

FTSE 100, DAX 40 and S&P 500 Bid Ahead of Powell Speech

Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address

Nikkei 225, Dow Jones and Nasdaq 100 Lose Upside Momentum

EUR/USD Price Analysis: Pair stabilizes around 1.0500

The EUR/USD found support around 1.0500 after falling by more than 1% to open the week.
Buyers should focus on recovering the 20-day SMA.
The are still no signs of a reversal and indicators remain deep in the red.

The EUR/USD pair started the week with a sharp decline, falling over 1% and breaking decisively below the psychological 1.0500 mark, but managed to stabilize around this level on Tuesday.

Despite this pause, the technical outlook remains bearish as the pair stays below the 20-day Simple Moving Average, which continues to act as a strong resistance. Indicators such as the Relative Strength Index (RSI), currently at 38, remain pointed downward, suggesting room for further declines before reaching oversold territory. Similarly, the Moving Average Convergence Divergence (MACD) histogram shows weakening bullish momentum with shallow green bars, but no signs of a reversal.

Unless a significant bullish catalyst emerges, the pair remains vulnerable to further downside, with traders closely monitoring support levels at 1.0450 and 1.0430 for potential stabilization or continued losses toward 1.0400.