Technically, the 4 hours chart shows that the price of the EUR/USD pressures the 50% retracement of its latest bearish run, having been rejected last Friday from the 61.8% retracement of the same rally around 1.0840. In the same chart, the 20 SMA maintains a strong bullish slope below the current price, around 1.0730, whilst the technical indicators have lost their upward potential, but remain above their mid-lines. As long as the price remains below 1.0800, chances are of a downward extension towards the mentioned 1.0730 level, with an extension beyond this last probably finding some buying interest around 1.0710, the 38.2% retracement of the same rally. Above 1.0800 on the other hand, the pair can rally up to 1.0847, last Friday´s gains, whilst steady gains above this level should lead to a test of 1.0900.
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EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
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XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
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Portfolio rebalancing and reflation trades emerge into Q2
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