EUR/USD struggles to gather traction above 1.0900.Extra gains should challenge the area above 1.1000.EUR/USD reverses the earlier pullback and looks to consolidate the break above 1.0900 the figure on Monday.
Price action around the pair looks firmer for the time being. That said, the next resistance level of note comes at the psychological 1.1000 barrier ahead of the June peak at 1.1012 (June 22). North from here, the pair is expected to embark on a move to the 2023 top just below 1.1100 (April 26).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0596.
By FXStreet Insights Team | 22 minutes ago
EUR/USD holds steady at around 1.0900 ahead of US data
EUR/USD continues to move sideways in a narrow channel at around 1.0900 on Monday. The ISM Manufacturing PMI will be featured in the US economic docket. Stock and bond markets in the US will close early in observance of the Independence Day holiday.
EUR/USD News
GBP/USD stays pressured below 1.2700, US PMIs eyed
GBP/USD stays pressured below 1.2700, US PMIs eyed
GBP/USD stays on the back foot and trades below 1.2700 in the early American session on Monday. The US Dollar holds its ground against its rivals following Friday’s sharp decline, not allowing the pair to gain traction ahead of key PMI readings.
GBP/USD News
Gold recovers to $1,920 as US yields edge lower
Gold recovers to $1,920 as US yields edge lower
Gold price has gathered recovery momentum and climbed above $1,920 on Monday. The benchmark 10-year US Treasury bond yield stays in negative territory below 3.85% in the early American session, helping XAU/USD stretch higher. Eyes on ISM Manufacturing PMI survey.
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