The weekly upside in EUR/USD run out of steam in the 1.1970 area on Wednesday. If the recovery gathers extra steam, then there is room for a spot to challenge the 200-day SMA, today at 1.1993 ahead of the psychological 1.2000 hurdle. There is, however, a minor hurdle at 1.1976 (which has been tested on Wednesday).
The outlook for EUR/USD should shift to negative on a sustainable breakdown of the key 200-day SMA. Next weeks are expected to be crucial regarding this issue.
COVID-19 jitters assisted gold to gain s
USD/CAD witnessed a modest pullback from
USD/JPY witnessed some profit-taking on
US dollar prints fresh highs near the en
NZD/USD edged lower on Friday
EUR/USD gained some positive traction on
GBP/USD is attempting a bounce above as
EUR/USD drops toward 1.1850, extending t
GBP/USD struggled to capitalize on its i
Silver witnessed some selling on Monday
GBP/USD regained positive traction on Mo
A combination of factors assisted USD/JP
DXY breaches the key support at the 92.0
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Gold struggles to gain traction at the s
Silver edged higher on Monday
AUD/USD is moving sideways in a tight ra
EUR/USD reversed its direction after ris
USD/CAD edged higher on Thursday
