EUR/USD prints new lows near 1.0840 on Friday.Further weakness could revisit the 1.0830 region.EUR/USD maintains the multi-session bearish move well in place at the end of the week.A deeper pullback now targets the July low of 1.0833 (July 6). The loss of this region leaves the pair vulnerable to a probable test of the critical 200-day SMA at 1.0790 in the short-term horizon.In the meantime, the pair’s positive outlook remains unchanged while above the 200-day SMA.
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EUR/USD holds above 1.0850 as USD rally loses steam
EUR/USD holds above 1.0850 as USD rally loses steam
EUR/USD started to edge higher after dropping below 1.0850 in the European session. Although Wall Street’s main indexes continue to stretch lower, the US Dollar struggles to build on its weekly gains amid retreating US yields and allows the pair to stabilize.
EUR/USD News
GBP/USD recovers toward 1.2750 following earlier decline
GBP/USD recovers toward 1.2750 following earlier decline
GBP/USD regained its traction and recovered to the 1.2750 area after dropping below 1.2700 on disappointing UK Retail Sales data earlier in the day. In the absence of high-tier data releases, the US Dollar consolidates its weekly gains and helps the pair hold its ground.
GBP/USD News
Gold clings to modest daily gains above $1,890
Gold clings to modest daily gains above $1,890
Gold price clings to small gains above $1,890 in the American session on Friday as the benchmark 10-year US Treasury bond yield stays deep in the red near 4.2%. XAU/USD, however, remains on track to end the fourth straight week in negative territory.
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