EUR/USD sees its recent strong advance momentarily halted.The resumption of the bullish bias should target the 1.0900 level.EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday.
Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further north of the so far YTD high at 1.0867 (January 13) should appear the round level at 1.0900 in the short-term horizon.
Furthermore, while above the short-term support line near 1.0550, the pair should maintain its bullish outlook.In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.
EUR/USD rebounds above 1.0800 as US Dollar weakens
EUR/USD has gathered recovery momentum and climbed above 1.0820 after having dropped below 1.0800 earlier in the day. Following the upbeat Consumer Confidence data from the US, the US Dollar came under renewed selling pressure and helped the pair gain traction.
EUR/USD News
GBP/USD erases daily losses, trades above 1.2200
After having declined toward 1.2150, GBP/USD reversed its direction and rose above 1.2200. The US Dollar is having a difficult time preserving its recovery momentum after the UoM data showed a further decline in one-year inflation expectations in early January.
GBP/USD News
Gold reclaims $1,900, looks to post strong weekly gains
Gold price gained traction and rose above $1,900 following a downward correction witnessed in the European session. The benchmark 10-year US Treasury bond yield retreated toward 3.45% in the second half of the day, allowing XAU/USD to keep its footing.
Gold News
Peter Schiff urges Bitcoin holders to sell BTC above $19,000
Peter Schiff, a Gold proponent and financial commentator, has urged Bitcoin holders to sell the asset when BTC price reaches above $19,000, as it has done following the release of softer US CPI data on Thursday, January 12.
Free Forex Signals 