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EURUSD comes under pressure near 1.0100 on Wednesday.The surpass of this area could allow for extra gains near term.

EURUSD’s strong recovery appears to have met a tough hurdle at the 1.0100 zone so far this week.

If the pair manages to surpass this zone in a sustainable fashion, it could then challenge the September top at 1.0197 (September 12) prior to the August high at 1.0368 (August 10).

While above the 9-month resistance line, today near 0.9840, extra gains look likely.In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0450.

 EURUSD drops below 1.0050 as US Dollar gathers strength

EURUSD remains on the back foot and trades below 1.0050 in the early American session. The US Dollar benefits from safe-haven flows mid-week as investors await the final outcome of the US Midterm Elections. Several FOMC policymakers will speak later in the day.

EUR/USD News 

GBPUSD extends slide, closes in on 1.1400

GBPUSD stays under heavy bearish pressure and continues to push lower toward 1.1400 on Wednesday. The cautious market mood helps the US Dollar stay resilient against its major rivals as Wall Street’s main indexes remain on track to open in negative territory.

GBPUSD News 

Gold holds above $1,700 despite US Dollar strength

Gold has lost its bullish momentum following Tuesday’s upsurge and declined toward $1,700 before staging a modest rebound. After having lost over 2%, the benchmark 10-year US Treasury bond yield seems to have steadied above 4.1%, not allowing XAUUSD to regain its traction.