EUR/USD Price Outlook: 200-period EMA to serve as crucial obstacle due to Middle East tensions
EUR/USD and Market Conditions In late Asian trading on Thursday, EUR/USD saw a slight increase, hovering around 1.1570. The overall sentiment for the dollar remains strong, particularly after Iran dismissed the U.S. president’s proposal for a cease-fire. Major currency pairs also experienced small gains as the U.S. dollar inclined steadily. As of now, the U.S. […]
Gold pauses its rebound from a one-month low near the 200-period SMA on the H4 chart.
Gold prices are likely to face new selling pressure, which might diminish some of the gains made during Thursday’s rebound. Growing optimism regarding US-China trade deals is undermining safe-haven demand for precious metals. Bets on interest rate cuts by the Federal Reserve might keep the US dollar weak, thereby limiting losses in the market amidst […]