Further recovery should initially target the mid-1.0900s.EUR/USD reverses four consecutive sessions of losses and regains the area beyond 1.0900 the figure on Thursday.If the rebound gathers extra steam, it could encourage the pair to dispute the interim 55-day SMA at 1.0951 prior to the weekly peak at 1.1065 (August 10). Further north from here comes the weekly high of 1.1149 (July 27). Once this region is cleared, the pair’s downside pressure is expected to mitigate.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0787.
RECOMMENDED CONTENT
EDITORS’ PICKS
EUR/USD recovers above 1.0900 after US data
EUR/USD recovers above 1.0900 after US data
EUR/USD extended its daily rebound and climbed above 1.0900 in the early American session on Thursday. After the data from the US showed that the weekly Initial Jobless Claims declined by only 11k last week, the USD struggled to find demand and helped the pair push higher.
EUR/USD News
GBP/USD climbs to fresh weekly high above 1.2770 as risk mood improves
GBP/USD climbs to fresh weekly high above 1.2770 as risk mood improves
GBP/USD advanced to a fresh weekly high above 1.2770 following a dip toward 1.2700 in the European morning. The US Dollar stays on the back foot amid a positive shift seen in risk mood on Thursday, allowing the pair to continue to stretch higher.
GBP/USD News
Gold rebounds from multi-month lows, trades near $1,900
Gold rebounds from multi-month lows, trades near $1,900
Gold price gained traction and recovered to the $1,900 area from the multi-month low it set at $1,889 earlier in the day. Although the renewed USD weakness helps XAU/USD hold its ground, the benchmark 10-year US T-bond yield stays in the green near 4.3%, limiting the pair’s upside.
Gold News
Ripple opposes SEC motion to file an appeal, waits for final verdict in SEC vs Ripple lawsuit
Ripple opposes SEC motion to file an appeal, waits for final verdict in SEC vs Ripple lawsuit
The SEC filed a motion for an interlocutory appeal against Judge Torres’ ruling, citing the impact on the regulator’s other lawsuits. Ripple filed a motion asking the court to deny the SEC’s request to file an interlocutory appeal.
<a href=”https://clicks.pipaffiliates.com/c?m=7670&c=503446″><img src=”https://ads.pipaffiliates.com/i/7670?c=503446″ width=”120″ height=”600″ /></a>
Free Forex Signals 
Leave a comment