Insights 
VT 
The EUR/USD pair is trading near the 1.1200 level after showing gains. Momentum indicators are varied, but the overall trend is still positive with long-term support levels intact.
In technical terms, the relative strength index indicates balanced momentum. However, the MACD suggests some short-term resistance, while other indicators like Stochastic %K point to potential further gains. The EUR/USD is supported by key moving averages, though the 20-day Simple Moving Average might present some resistance to upward movement.
Important Support and Resistance Levels
Important support levels are noted at 1.1132, 1.1084, and 1.1083, while resistance levels are at 1.1197, 1.1230, and 1.1242. A breakthrough above resistance could suggest further growth, although a fall below support might lead to a short-term decline.
Other market news includes positive movements in AUD/USD surpassing its 200-day SMA, the EUR/USD climbing with Greenback weakening, and gold prices stabilising around $3,250. Robinhood plans to acquire the Canadian crypto platform WonderFi for $178 million, expanding its asset base. Additionally, a US-China trade pause has led to increased optimism and market activity.
From what we’ve observed, the EUR/USD pair has managed to edge closer to 1.1200, a level that hasn’t seen this kind of attention in months. The price action has been driven largely by dollar softness, but there’s more at play here than mere currency divergence. While long-term supports are clearly holding steady—particularly around the 1.1080 handle—the ability of the pair to maintain momentum depends heavily on how the pair moves through the clustering resistance levels ahead.
Technically, everything is not aligned in one direction. The RSI shows no strong overbought or oversold condition, which generally means neither side has full control, at least not yet. But we’re seeing split signals from other tools. The MACD, which tends to tell us how fast momentum is building, hints at some short-term resistance creeping in. For now, any buying pressure needs to reckon with the 20-day Simple Moving Average, which could act as a brake if the impulse isn’t strong enough. There’s enough evidence that buyers want to press on, but they may be pausing briefly to reassess.
Moving Forward in the Forex Market
Should prices manage to close cleanly above the 1.1230 level, it could open the door toward 1.1242 and beyond—but not without effort. That 1.1230 zone, in particular, acts as a psychological and technical bar. A decisive move above this could tilt sentiment further in favour of upside positions, providing room for setups with tighter stops below 1.1197.
On the downside, any breach beneath 1.1132 needs to be treated seriously. A return to levels like 1.1084 isn’t off the table, and such a move would force long positions to exit or reduce risk in the short term. This range from 1.1080 to 1.1190 might persist in holding price unless more decisive fundamentals shift the tone.
Elsewhere, we’ve seen the Australian dollar making a more decisive push above its 200-day average—this doesn’t often happen in isolation. The broader tone suggests investors are cautiously shedding exposure to the dollar, likely responding to the recent pause in rate pressures and some quiet on the geopolitical front.
Then there’s gold, which has now found a new area of price anchoring near the $3,250 mark. That’s a good deal higher than many expected going into this quarter. This may reflect not just inflation concerns but also a desire for higher-quality collateral amid equity rotation.
The Robinhood-WonderFi development adds another layer: more capital flowing into digital assets, even as regulatory oversight expands. Whether or not this affects broader FX trends remains to be seen, but increasing diversity of investment vehicles usually attracts a more speculative appetite, which can carry over into currency positioning.
In the background, the easing of tensions between Washington and Beijing has quietly fed back into risk-on sentiment. With fewer headlines dedicated to tariffs and tech bans, equity and commodity markets are finding more breathing room. We’re keeping an eye on bond yields as well, because lower yields typically spell reduced demand for the dollar, and that filters directly into how traders perceive FX opportunities.
Given all this, price movements in the coming sessions are less likely to follow a straight path. Variability will remain high, especially around key data releases or policy commentary.
