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EUR/USD looks to advance further north of the 1.0200 mark.Extra gains are in store once 1.0300 is cleared.

EUR/USD embarks on a decent recovery following Friday’s marked retracement at the beginning of the week.The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0394.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0920.

EUR/USD stabilizes near 1.0200 despite upbeat mood

EUR/USD continues to fluctuate in a relatively tight range near 1.0200 in the American session on Monday. Although the sharp advance witnessed in Wall Street’s main indexes points to a risk-positive market environment, the shared currency is struggling to find demand.

EUR/USD News 

GBP/USD clings to recovery gains above 1.2100

GBP/USD continues to trade in positive territory above 1.2100 in the second half of the day on Monday. With the dollar struggling to preserve its strength in the risk-positive market atmosphere, the pair remains on track to post daily gains.

GBP/USD News 

Gold climbs above $1,780 as US yields push lower

After having moved sideways near $1,770 during the Asian trading hours on Monday, gold regained its traction and climbed above $1,780. The benchmark 10-year US T-bond yield is pushing lower following Friday’s upsurge, allowing XAU/USD to stretch higher.