AISaaSFitnessStocksCryptoForexEcomReal EstateMarketingMoneyGlobal
Forex & Trading·Aug 3, 2026

EURUSD falls to a new session low near 1.1500 support.

The initial pullback found support near the broken 38.2% retracement of the decline from the April high at 1.1524, but the ensuing rebound ran into resistance at 1.15356—the high from Thursday's trading. That failure encouraged another wave of selling, with the pair now testing an important swing area surrounding the 1.1500 level between 1.14989 and 1.15060. That swing area is now the next key barometer. A sustained move below it would give sellers greater control and open the door for a test of the rising 100-hour moving average at 1.14715. That moving average also aligns with a former ceiling from mid-June, making it an important downside target. Sellers looking for additional momentum will want to see the price break and stay below both the swing area and the 100-hour moving average. On the topside, buyers need to reclaim the 38.2% retracement at 1.1524 to shift the short-term bias back in their favor. Doing so would target 1.15356, with a break above that level putting the focus back on the 100-day moving average at 1.15677. Staying below the retracement, however, keeps sellers holding the near-term technical edge. This article was written by Greg Michalowski at investinglive.com.

Forexlive1 min readSingle source
EURUSD falls to a new session low near 1.1500 support.
Image · Forexlive
The gist
5-point summary · 1 min

The initial pullback found support near the broken 38.2% retracement of the decline from the April high at 1.1524, but the ensuing rebound ran into resistance at 1.15356—the high from Thursday's trading. That failure encouraged another wave of selling, with the pair now testing an important swing area surrounding the 1.1500 level between 1.14989 and 1.15060. That swing area is now the next key barometer. A sustained move below it would give sellers greater control and open the door for a test of the rising 100-hour moving average at 1.14715. That moving average also aligns with a former ceiling from mid-June, making it an important downside target. Sellers looking for additional momentum will want to see the price break and stay below both the swing area and the 100-hour moving average. On the topside, buyers need to reclaim the 38.2% retracement at 1.1524 to shift the short-term bias back in their favor. Doing so would target 1.15356, with a break above that level putting the focus back on the 100-day moving average at 1.15677. Staying below the retracement, however, keeps sellers holding the near-term technical edge. This article was written by Greg Michalowski at investinglive.com.

  • The initial pullback found support near the broken 38.2% retracement of the decline from the April high at 1.1524, but the ensuing rebound ran into resistance at 1.15356—the high from Thursday's trading.
  • That failure encouraged another wave of selling, with the pair now testing an important swing area surrounding the 1.1500 level between 1.14989 and 1.15060.
  • That moving average also aligns with a former ceiling from mid-June, making it an important downside target.
  • On the topside, buyers need to reclaim the 38.2% retracement at 1.1524 to shift the short-term bias back in their favor.
  • Doing so would target 1.15356, with a break above that level putting the focus back on the 100-day moving average at 1.15677.
38.2%
In this article

The initial pullback found support near the broken 38.2% retracement of the decline from the April high at 1.1524, but the ensuing rebound ran into resistance at 1.15356—the high from Thursday's trading. That failure encouraged another wave of selling, with the pair now testing an important swing area surrounding the 1.1500 level between 1.14989 and 1.15060. That swing area is now the next key barometer. A sustained move below it would give sellers greater control and open the door for a test of the rising 100-hour moving average at 1.14715. That moving average also aligns with a former ceiling from mid-June, making it an important downside target. Sellers looking for additional momentum will want to see the price break and stay below both the swing area and the 100-hour moving average. On the topside, buyers need to reclaim the 38.2% retracement at 1.1524 to shift the short-term bias back in their favor. Doing so would target 1.15356, with a break above that level putting the focus back on the 100-day moving average at 1.15677. Staying below the retracement, however, keeps sellers holding the near-term technical edge. This article was written by Greg Michalowski at investinglive.com.

Integrity note  ·  Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at Forexlive. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

What people are saying

Discussion

Hot takes

0/280

Loading takes…

Comments

Discussion · 0

Sign in to comment, like, and save articles.

Sign in

Loading comments…

Keep readingForex & Trading desk
See all in Forex →
investingLive Americas FX news wrap 3 Aug: Risk-On Returns to Wall Street
·

investingLive Americas FX news wrap 3 Aug: Risk-On Returns to Wall Street

Technology stocks once again led the advance as investors rotated back into the AI leaders. Meta surged 6.02%, Microsoft climbed 4.93%, Alphabet rose 4.88%, Amazon gained 4.58%, Tesla advanced 3.49%, and Nvidia added 2.93%. Apple was the lone Mag 7 laggard, falling 1.78% as investors continued to digest last week's earnings report and outlook. The bond market added another tailwind for equities as Treasury yields moved lower across the curve, easing valuation pressures on growth stocks. The 2-year yield fell 5.1 basis points to 4.239%, the 5-year declined 7.2 basis points to 4.387%, the 10-year dropped 6.7 basis points to 4.667%, and the 30-year eased 4.7 basis points to 5.227%. The decline in yields gave investors added confidence to rotate back into higher-growth sectors, particularly technology. Energy markets also supported the bullish tone. WTI crude oil tumbled 5.56% to $79.96 as concerns over an immediate disruption to Middle East oil supplies eased. The sharp decline in crude helped temper inflation concerns and reinforced the move lower in Treasury yields. In the foreign exchange market, the U.S. dollar finished mostly higher. The greenback gained 0.61% against the Australian dollar, 0.54% versus the New Zealand dollar, 0.35% against the British pound, 0.30% versus the Swiss franc, 0.26% against the euro, and 0.10% against the Canadian dollar. The lone exception was the Japanese yen, where the dollar fell 0.28%, making the yen the strongest-performing major currency on the day. Overall, investors looked past lingering geopolitical uncertainty and instead focused on a combination of better-than-expected ISM manufacturing data, improving manufacturing employment, easing Treasury yields, sharply lower oil prices, and renewed leadership from AI and large-cap technology. With the manufacturing sector showing its strongest hiring conditions in nearly three years and earnings season continuing, the market's attention now shifts toward upcoming corporate results and Friday's U.S. employment report for the next major macro catalyst. Stop it This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source
Economic and event calendar in Asia Tuesday, August 4, 2026 - a light one
·

Economic and event calendar in Asia Tuesday, August 4, 2026 - a light one

As noted in the screenshot below, lower tier importance data only today. This article was written by Eamonn Sheridan at investinglive.com.

ForexliveSingle source
Trump: Talks are going on now. This is the last chance (again).
·

Trump: Talks are going on now. This is the last chance (again).

Pres. Trump is speaking again and says: Conflict is working out very well. Iran talks are going on now at their request. Iran wanted to talk about the Strait This is the last chance. Gulf nations wanted one last chance Talking about have the Strait open tomorrow. Denuclearization will take a little while Iran can not have nuclear. I think most people want peace, but this story has played out so many times. And there was reletively stability pre-February 28. Trump adds... Oil companies are making too much money. I don't like it. Oil firms better cut the retail price. Crude oil prices are continuing to trade around $-5.04 or -5.86% at $79.80. The average price of a gallon of gas is $4.09. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source
AUDUSD: Sellers push the price lower after stretching to test the 100 day MA.
·

AUDUSD: Sellers push the price lower after stretching to test the 100 day MA.

The selling pressure pushed the pair back below the 38.2% retracement of the decline from the early May high to the late June low at 0.7022. That break also took the price beneath a swing area defined by highs from June 15 through June 23, giving sellers additional confidence and leading to a stronger downside extension. The move lower accelerated through the European morning, with the pair falling below the nearly converged 100- and 200-hour moving averages near 0.6991 before finding support at 0.6984. However, the bearish momentum could not be sustained. Buyers stepped back in and lifted the price above both hourly moving averages, turning that area back into an important near-term support zone. Going forward, those converged hourly moving averages will be the key barometer for the short-term bias. As long as the price remains above them, buyers maintain a slight edge and can target a move back toward the 0.7020 to 0.7027 swing area. A break above that zone would shift the focus back toward the 100-day moving average, while a move back below the hourly moving averages would hand the sellers back the short-term advantage. Traders expect more selling with a shift in the bias more to the downside on a 2nd break below those moving averages today. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source
Newsletter

Track forex & trading every morning.

Daily digest tuned to this beat. The 5 stories most worth your time. Unsubscribe anytime.