EUR/USD Price Analysis: Another drop to 1.0655 stays on the table.

EUR/USD regains the smile following Wednesday’s marked drop.Immediately to the downside appears the monthly low near 1.0650.EUR/USD extends the multi-session consolidative phase around the 1.0700 neighbourhood so far on Thursday.

If the selling pressure gathers extra impulse, the pair could challenge he February low at 1.0655 (February 13) in the short-term horizon. The breach of the latter exposes further weakness to the YTD low at 1.0481 (January 6).

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0325.

EUR/USD retreats below 1.0700 after latest US data

EUR/USD came under modest bearish pressure and declined below 1.0700 in the early American session on Thursday. The data from the US showed that the annual PPI declined at a softer pace than expected in January and helped the US Dollar gather strength.

EUR/USD News

GBP/USD slumps below 1.2000 as US Dollar gathers strength

GBP/USD has lost its traction and turned negative on the day below 1.2000 in the second half of the day on Thursday. The stronger-than-forecast PPI inflation readings alongside the weak Housing Starts data seems to be providing a boost to the US Dollar.

GBP/USD News

Gold declines toward $1,830 as US yields rise after US data

Gold price turned south and declined to fresh multi-week lows near $1,830 on Thursday. Following the PPI and the weekly Jobless Claims data from the US, the benchmark 10-year US Treasury bond yield climbed above 3.8%, weighing on XAU/USD.