The EUR/USD pair is currently consolidating near the 1.0300 level after a minor recovery, with the price testing the 0.618 Fibonacci retracement level at approximately 1.0320. The 4-hour chart reveals a bearish structure, as the price remains below both the EMA 34 and EMA 89, which act as dynamic resistance zones.
Key technical levels to monitor:
Resistance...
Currently, gold prices are trading around $2,678/ounce, up from the lows of the previous session. The increase was largely supported by US inflation data showing a stable trend with CPI remaining at 3.3% over the past three months. This has reduced the upward pressure on the USD, as the USD Index lost strength after a prolonged rally.
Technically, on the daily...
