EUR/USD could have embarked on a gradual move to the 1.1000 area.
24-hour view: “EUR edged to a high of 1.0923 yesterday before closing at 1.0915 (+0.28%). Upward momentum has improved a tad and EUR is likely to continue to edge higher, possibly above 1.0950. The next resistance at 1.1000 is unlikely to come under threat today. Support is at 1.0900, followed by 1.0880.”
Next 1-3 weeks: “While upward momentum has not improved much, EUR appears poised to head higher toward 1.1000. In view of the current lackluster momentum, any advance is likely to be slow and grinding. The current mild upward pressure is intact as long as EUR stays above 1.0840.”
EUR/USD holds steady above 1.0900 ahead of US GDP
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GBP/USD struggles with 1.2400, US GDP in focus
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Gold fails to kiss $1,950 as USD attempts recovery ahead of US GDP
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