EUR/USD Price Analysis: Rebound needs to surpass 0.9800.

EUR/USD Price Analysis: Rebound needs to surpass 0.9800

EUR/USD regains composure and leaves behind the 0.9700 area.Immediately to the upside comes recent peaks around 0.9800.EUR/USD manages to leave behind Friday’s retracement and advances well north of the 0.9700 hurdle on Monday.

The continuation of the recovery needs to clear last week’s top just above 0.9800 the figure to open the door to further gains in the short-term horizon.In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0568.

GBP/USD flirts with 1.1400 on UK’s Hunt fiscal U-turn

The Pound is the best performer Monday, as investors assess UK Chancellor Hunt’s fiscal statement. Hunt reversed almost all tax measures announced on Sept 23. As the US dollar stays on the back foot, GBP/USD at fresh 2-week highs.


EUR/USD rallies beyond 0.9800 as the USD keeps losing ground

EUR/USD trades above 0.9800, its higher in over a week as investors move away from safe-haven assets. Wall Street’s substantial gains and easing government bond yields play against the American currency at the beginning of the week.


Gold clings to gains above $1,655 level amid weaker USD

Gold attracts some buying on the first day of a new week and reverses a major part of Friday’s downfall to over a two-week low. The XAU/USD sticks to its intraday gains through the first half of the European session and is currently around the $1,657-$1,658 region.

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