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Daily Technical Analysis: EURUSD Breaks Above 1.1800 As The USD Continues to Weaken

July 1, 2025, 06:57

EUR/USD is in a strong uptrend, resulting mainly from the weakness of the US dollar. Price action recently hit resistance at 1.1807 and is slightly pulling back after it broke a major psychological and historical resistance level. Moving averages remain bullishly aligned, supporting the uptrend.

MACD is showing bearish divergence as price made a new high, but MACD did not, which might suggest a possible loss of bullish momentum.

Momentum is fading after a strong rally. As long as price holds above this zone, the uptrend remains intact.

A break above 1.1807 resumes bullish momentum toward 1.1850–1.1900.

EURUSD 1H Chart

EURUSD 1H Chart 01 july 2025
Resistance1.18061.18541.1900
Support1.17611.17291.1681

Bitcoin continues to trade in a range, showing choppy price action between $106,400–$108,800. Price has rejected the high of $108,300 and reversed downward. Moving averages MAs (5, 10, 30) are crossing downward, showing short-term bearish pressure on the hourly chart. Price still shows no clear trend direction, indicating sideways market.

MACD line has crossed below the signal line, indicating bearish momentum building. If $106,400 support fails, price could revisit $105,800 – $105,000 zone. We need a clear breakout above $108,800 to resume bullish momentum.

Bitcoin (BTCUSD) 1H Chart

Bitcoin (BTCUSD) 1H Chart 1 July 2025
Resistance$107,261$107,840$108,200
Support$106,750$106,416$106,054

Gold shows a strong recovery upward from this week’s low of $3,248, with clear bullish momentum.Price is making higher highs and higher lows, indicating trend reversal to the upside. All moving averages (5, 10, 30) are aligned bullishly, which supports the uptrend

Price has recently broken above the $3,320 resistance zone. MACD line is well above the signal line indicating strong bullish momentum. As long as price holds above 3300, the bias remains bullish.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 1 July 2025
Resistance$3,338$3,357$3,370
Support$3,309$3,296$3,274

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