EUR/USD Price Analysis: Bulls stall a fresh cycle highs, capped below 1.0550.

EUR/USD bulls could be about to throw in the towel.The bears eye a break of the consolidation below 1.0220. EUR/USD is stalling on the bid which gives rise to the prospects of the capitulation of the bulls in speculating that the 1.0500s could be the last stop in this bull cycle from a technical perspective across the charts. The following is an analysis across multiple time frames from a bearish perspective:

EUR/USD H1 chart

The price is holding the supporting trendline but it could be climaxing in a steep rally.This could give rise to a break of structures in the sessions ahead. 

EUR/USD H4 chart

The move through the highs of the sideways consolidation could be a sweep of liquidity. If this is the case, the focus will be on the downside for next week:

EUR/USD daily chart

The bears eye a break of the consolidation below 1.0220. However, a move beyond 1.0550 will leave the bulls in the runnings for higher highs for the end of the year as per the weekly breakout of trend:

AUD/USD advances above 0.6800 on RBA’s Lowe, US NFP in focus

AUD/USD is extending weekly gains above 0.6800 despite mixed comments from RBA Governor Lowe. The upside in the Aussie pair, however, could remain capped as the US Dollar stabilizes amid pre-US NFP repositioning and a cautious market mood.  


EUR/USD holds steady below 1.0550 post-Lagarde speech

EUR/USD is stalling on the bid which gives rise to the prospects of a capitulation above 1.0500. The Euro is finding some solace from ECB President Lagarde’s remarks while the US Dollar pauses its decline ahead of the critical US payrolls data. 


Gold prepares for US NFP with a step back to $1,800

Gold price repeats the typical pre-NFP consolidation as it slides from a four-month high to $1,798 during early Friday. The yellow metal prints the first daily loss in four amid cautious markets. IMF’s Georgieva cites recession risks to strengthen gold’s pullback moves.

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