EUR/USD Price Analysis: Rebounds could be seen as selling opportunities.

EUR/USD bounces off lows in the parity level on Tuesday.Occasional rebounds follow the current overbought conditions.

EUR/USD drops and bounces off new lows in the parity zone on turnaround Tuesday.The pair’s bearish stance remains everything but abated for the time being. Against that, intermittent bullish attempts could be deemed as selling opportunities, with the next target at the December 2002 low at 0.9859.

As long as the pair navigates below the 5-month support line near 1.0570, further losses remain in store.In the longer run, the pair’s bearish view is expected to prevail while below the 200-day SMA at 1.1055.

EUR/USD clings to modest daily gains above 1.0050

EUR/USD has managed to climb into positive territory above 1.0050 during the American session on Tuesday. Ahead of Wednesday’s highly anticipated inflation data from the US, investors seem to be refraining from betting on further dollar strength.

EUR/USD News 

GBP/USD extends rebound toward 1.1900

GBP/USD has extended its recovery and turned flat on the day near 1.1900 in the second half of the day on Tuesday. The dollar is having a difficult time preserving its strength but the cautious market mood seems to be limiting the pair’s upside.

GBP/USD News 

Gold hangs by a thread above $1,700.00

Gold Price remains under pressure on Tuesday, falling to $1,723.15 a troy ounce at the beginning of the day, a fresh 2022 low. Financial markets remain in a risk-off mood amid fears of a global recession in the middle of soaring inflationary pressures.

Gold News 

XRP price could visit December 2020 lows if this happens next

XRP price is at an inflection point that could trigger a further sell-off after the recent breakdown of a stable and significant support floor. Therefore, investors need to be cautious about their takes on the market.