EUR/USD keeps the bid tone unchanged near 1.0750 on Wednesday.The surpass of recent peaks around 1.0760 exposes a move to 1.0800.
EUR/USD is up for the fourth straight session and revisits the 1.0750 region midweek.
In case bulls remain in control, the breakout of the January high at 1.0760 (January 9) could put the June 2022 peak at 1.0773 (June 27) to the test closely followed by the May 2022 top at 1.0786 (May 30).Extra gains from here should target the key round level at 1.0800.
In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0308.
EUR/USD climbs to fresh multi-month highs above 1.0770
EUR/USD has gathered bullish momentum and climbed to its highest level since late May above 1.0770. Hawkish comments from ECB Governing Council member Olli Rehn and the renewed US Dollar weakness seem to be fueling the pair’s upside.
EUR/USD News
GBP/USD rebounds toward 1.2150 as US Dollar weakens
GBP/USD has gained traction and recovered toward 1.2150 after having declined to the 1.2100 area earlier in the day. With Wall Street’s main indexes holding in positive territory after the opening bell, the US Dollar struggles to find demand, helping the pair edge higher.
GBP/USD News
Gold extends correction, closes in on $1,870
Gold price has turned south in the second half of the day and declined toward $1,870. Although the US Dollar is having a hard time finding demand, the more-than-1% decline witnessed in the benchmark 10-year US Treasury bond yield seems to be weighing on XAU/USD.
Free Forex Signals 