Free Forex Signals

EUR/USD treads water below the parity zone on Thursday.The pair needs to clear the multi-month resistance line near 1.0180.EUR/USD trades in an inconclusive fashion, while a break above the parity level remains elusive on Thursday.

If the recovery picks up extra pace, then the interim hurdle comes at the 55-day SMA at 1.0163 prior to the key 7-month resistance line, today near 1.0180. A move beyond the latter is needed to reduce the selling bias and allow the pair to confront the September high at 1.0197 (September 12) before the 100-day SMA at 1.0325.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0735.

EUR/USD holds below parity ahead of US data

EUR/USD is having a tough time clearing 1.0000 on Thursday as markets remain relatively subdued. Later in the session, Retail Sales and weekly Initial Jobless Claims data from the US will be looked upon for fresh impetus. Meanwhile, US stock index futures push lower.

EUR/USD News 

Ethereum Merge begins, the good, bad and ugly of crypto’s $22 billion bet

Ethereum Merge will have a massive impact on the crypto ecosystem. Despite its short history, crypto has several key updates lined up, the Merge and the ETHW hard fork.

Read more 

GBP/USD pushes lower toward 1.1500 as mood sours

GBP/USD stays under modest bearish pressure and trades within a touching distance of 1.1500. The dollar holds its ground amid the negative shift witnessed in the risk mood. Investors await Retail Sales, Industrial Production and Jobless Claims data from the US.

GBP/USD News 

Gold closes in on $1,680 amid rising US yields

Following a short-lasting recovery attempt, gold turned south ahead of the American session and declined below $1,690. Ahead of US Retail Sales data, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, weighing on XAU/USD.