EUR/USD remains flat near 1.1600 as bullish momentum fades, with traders eyeing Lagarde’s speech and key economic data for direction amid rising rate cut expectations.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Gold prices surged to $4265 as XAU/USD continues its bullish breakout trend, supported by Fed rate cut expectations and central bank gold purchases.
EUR/USD trades near 1.1600 in a neutral triangle pattern, with a breakout likely as traders await Eurozone inflation data and Fed policy clues, amid growing divergence between ECB and Fed outlooks.
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USD/BRL continues to consolidate near 5.3571 within a well-defined range, with traders watching for potential breakout catalysts from the upcoming U.S. Federal Reserve interest rate decision.
The USD/ZAR has reaffirmed its bearish trend the past handful of days and is lingering within the lower realms of its value once again, as of this morning the currency pair is near 17.11850 with fast action.
USD/CAD remains rangebound, stalling at 1.40 resistance and the 50-day EMA, with the pair consolidating between 1.39 and 1.41 amid cross-border trade noise and dollar volatility.
Bitcoin plunged more than 6% on Monday, testing the crucial $80,000 level as fears of institutional exit raise the risk of a deeper selloff toward $75,000 or even $55,000.
EUR/JPY dipped early Monday but continues to hold above key support as the weak yen supports a broader uptrend, unless the 175 level breaks decisively.
The British pound stalled near key moving averages on Monday as traders remain cautious ahead of central bank decisions, with GBP/USD biased lower unless 1.3350 is broken.
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The euro’s rally against the US dollar stalled near 1.1650 on Monday, as market uncertainty ahead of the Fed's decision keeps EUR/USD trading choppy with a slight bearish bias.
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