EUR/USD Price Analysis: Sustained gains seen above 1.0970.

EUR/USD trades within a tight range around the 1.0900 region.The immediate barrier comes at the April top near 1.0970.

EUR/USD trades without a clear direction around the 1.0900 region on Thursday.The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0973 (April 4) to put the key 1.1000 mark back on the radar and then challenge the YTD peak at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0348.

EUR/USD stays in daily range near 1.0900 after US data

EUR/USD is having a difficult time finding direction and continuing to move in a tight channel at around 1.0900 on Thursday. Although the weekly Initial Jobless Claims in the US came in above the market expectation, the US Dollar manages to hold its ground.


GBP/USD struggles to gather recovery momentum, trade below 1.2500

After having advanced toward 1.2500 earlier in the day, GBP/USD has lost its traction and retreated to the 1.2450 area on Thursday. The US Dollar Index holds near 102.00 following Wednesday’s rebound, not allowing the pair to gather bullish momentum.


Gold retreats below $2,020 in choppy session

Gold price has reversed its direction and declined toward $2,010 after having recovered to the $2,020 area earlier in the day. The modest rebound seen in the benchmark 10-year US Treasury bond yield seems to be making it hard for XAU/USD regain its traction.

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