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Daily Technical Analysis: EURUSD Nears Its Yearly High as It Breaks Major 1.1500 Level

Thursday June 12 2025 07:29
EURUSD Nears Its Yearly High as It Breaks Major 1.1500 Level

EURUSD continues its strong uptrend on the 4H chart. All moving averages are aligned bullishly, with price well above them. The pair broke out of consolidation and is trending strongly upward, forming higher highs and higher lows

MACD shows a bullish crossover above the zero line. With the MACD momentum strengthening, the pair may test or break 1.1575 soon. No clear bearish divergence or slowdown yet, suggesting bulls remain in control.

EURUSD 4H Chart

EURUSD 4H Chart 12-06-2025
Resistance1.15331.15781.1605
Support1.15001.14751.1453

Following the strong gains of yesterday, oil is experiencing a bearish correction that might go as deep as $66.70 The price is attempting to stabilize near 67.50–68.00 support.

MACD bearish crossover indicates a possible short-term dip, but the overall uptrend remains intact unless price drops and closes below $66.50.

Moving averages MA (5,10,30) have turned downward, and price is consolidating just above the 30-period MA.

West Texas Intermediate (USOUSD) 1H Chart

West Texas Intermediate (USOUSD) 1H Chart 12-06-2025
Resistance$67.23$67.74$68.20
Support$65.78$65.32$65.05

Gold is showing a clear uptrend on the hourly chart, making higher highs and higher lows, signaling a bullish structure.

Price is trading above all moving averages MA (5,10,30) on the hourly chart, showing bullish momentum in the short term. MACD showed bullish crossover recently indicating continued upside momentum.

The outlook for gold prices is bullish, with potential movement toward $3,400 if price stays above $3,340.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 12-06-2025
Resistance$3,382$3,402$3,425
Support$3,365$3,355$3,347
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