The past trading week ended with elevated volatility across FX, commodities, and cryptocurrencies as markets continued to reassess global risk appetite and US monetary policy expectations. Precious metals surged sharply, while crypto stabilised after recent corrections. The upcoming week may remain active, with macroeconomic releases capable of driving strong intraday movements.
By the close on Friday, February 13:
- EUR/USD finished near 1.1869
- Brent crude oil settled around $67.75 per barrel
- Gold (XAU/USD) closed at 5,043.11
- Silver (XAG/USD) closed at 77.4345
- Bitcoin (BTC/USD) is trading near 68,900
- Ethereum (ETH/USD) is trading near 2,054
EUR/USD
The pair remains in a consolidation phase near the 1.19 area. Despite attempts to move higher, momentum remains moderate, and the market is still trading inside a broader range.
During the coming week, EUR/USD may test support in the 1.1780–1.1745 area. If this zone holds, a rebound toward 1.1900–1.1960 is possible. A break and consolidation above 1.1960 would open the way toward 1.2030–1.2080.
A confident breakout below 1.1745 would cancel the bullish scenario and indicate a decline toward 1.1680–1.1600.
Baseline view: cautiously bullish while the pair holds above 1.1745.
Bitcoin (BTC/USD)
Bitcoin is attempting to stabilise near 68,900 after recent volatility. The broader structure remains fragile, with resistance still limiting upward momentum.
In the week ahead, BTC/USD may attempt growth toward 71,000–73,000. A rejection from this area could trigger renewed selling toward 66,000–64,000, with extended risk toward 62,500.
A breakout and consolidation above 75,000–77,000 would cancel the bearish scenario and open the path toward 80,000–83,500.
Baseline view: neutral-to-bearish while BTC/USD remains below 73,000.
Ethereum (ETH/USD)
Ethereum is holding slightly above the 2,000 level, attempting to form a base after the recent correction. However, resistance remains nearby.
ETH/USD may retest 2,000–1,950 during the week. If buyers defend this area, a rebound toward 2,150–2,250 is possible. A break above 2,250 would strengthen the bullish case and open the way toward 2,400–2,550.
A confident breakout below 1,950 would signal continuation of the decline toward 1,850–1,750.
Baseline view: neutral while holding above 2,000.
Brent Crude Oil
Brent closed near $67.75 and continues to trade within a descending channel. Attempts to recover remain corrective in nature.
The market may attempt a rebound toward $69.50–70.80. From there, renewed selling could return prices toward $66.00–64.80.
A breakout above $72.00 would invalidate the bearish scenario and suggest recovery toward $75.00–77.00.
Baseline view: bearish while Brent remains below $70.80–72.00.
Gold (XAU/USD)
Gold closed at 5,043.11 after a strong weekly rally. The broader structure remains bullish, though short-term corrections cannot be ruled out after such an impulsive move.
During the week, gold may correct toward 4,930–4,860. If this support holds, renewed growth toward 5,150–5,205 becomes likely. A consolidation above 5,205 would open the way toward 5,280–5,350.
A confident breakout below 4,860 would cancel the bullish scenario and signal a deeper correction toward 4,770–4,680.
Baseline view: bullish while gold holds above 4,860.
Silver (XAG/USD)
Silver closed at 77.4345 and remains highly volatile, following gold’s strong momentum. The structure is constructive, but pullbacks may be sharp.
The price may correct toward 75.00–73.75. If support holds, a rebound toward 79.25–82.20 is possible. A breakout above 82.20 would open the way toward 85.00.
A confident breakout below 73.75 would indicate a decline toward 71.30–70.00.
Baseline view: cautiously bullish while silver remains above 73.75.
Summary
Markets enter the new week with metals showing strong bullish momentum, crypto attempting stabilisation, and oil remaining under pressure. EUR/USD continues to trade inside a range, awaiting stronger macro catalysts. Gold and silver maintain a bullish bias, while Brent requires a break above resistance to shift the prevailing bearish structure. Crypto remains sensitive to risk sentiment, with key resistance levels defining the near-term direction.
NordFX Analytical Group
Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.
