EUR/USD continues to maintain its downtrend as the price remains within a well-defined descending channel. Currently, it is testing the key resistance level at 1.04266, which aligns with the confluence of the 34 & 89 EMA, forming a strong barrier. If the price fails to break through this zone, it is likely to reverse and extend its decline.
The overall trend...
Gold continues its short-term downtrend to fill the GAP before potentially rebounding. The price is currently testing the 2,844 - 2,850 support zone, aligning with the previous low, forming a key confluence area. If this level holds, gold could bounce back and test key resistance levels at 2,882 - 2,898.
However, the upward move won’t be easy as the EMA 34 & 89...
