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Today Technical Analysis: EURUSD Falls Below 1.1600 As The Dollar Continues To Rise

July 30, 2025, 10:43

EURUSD Technical Analysis

After forming a local top around 1.1788 last week,  EUR/USD fell sharply, reaching a  low of 1.1518. The price is currently stabilizing slightly above that low, but the short-term trend remains bearish.

The 5 and 10-period moving averages are flattening, while the 30-period moving average is still sloping downward, indicating the overall short-term trend is still bearish.

A bullish crossover has occurred below the zero line on MACD, indicating a potential short-term rebound or correction.

A break above 1.1580–1.1600 is needed to confirm any upward reversal. Otherwise, the pair may retest 1.1518 and continue declining.

EURUSD 1H Chart

EURUSD 1H Chart 30-7-2025
Resistance1.15721.16031.1651
Support1.15401.15191.1497

Gold Technical Analysis

Gold dropped sharply since the beginning of the week to a low near $3,301.79 but has since consolidated sideways in a tight range between $3,310 and $3,330.

The 5 and 10-period MAs are trying to cross above the 30 MA, indicating a potential short-term trend reversal upward. However, price is still below the key resistance $3,345

MACD line is above the signal line, rising slightly, supporting bullish momentum building.

A confirmed break above $3,345–$3,350 would be a bullish sign for gold. Watch for a possible MACD divergence if price rises but MACD fails to follow.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 30-7-2025
Resistance$3,334$3,376$3,405
Support$3,321$3,302$3,278

Oil Technical Analysis

A strong bullish rally is clear on oil, with prices surging from $68.23 to a high near $73, making higher highs and higher lows consistently on the hourly chart.

Moving averages MA(5), MA(10), and MA(30) are all sloping upward in parallel, indicating a strong uptrend and strong buying interest.

Although the MACD is bullish, the histogram is slightly declining, while price stays near highs, which shows early signs of momentum slowing, but no reversal yet. Momentum remains strong on oil. Watch for MACD divergence or breakdown below $72.00 as early signs of a pullback.

Brent 1H Chart

Brent 1H Chart 30-7-2025
Resistance$72.25$72.50$72.78
Support$71.43$70.89$70.15

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