The Watchlist: EUR/JPY, EUR/USD, GBP/USD and XAU/USD
|This week's watchlist puts the euro in focus.
EUR/USD is on meeting key support on the weekly basis and has printed an overextended M-formation that would be expected to attract the bulls at this juncture.
EUR/USD daily chart
This leaves EUR/JPY's hourly outlook as follows for the open:
GBP/USD daily
Hourly chart
While the M-formation on the daily chart is compelling, the hourly is meeting a key Fibo that would be expected to hold off the bulls at this juncture.
The Chart of the Week: Gold price remains under pressure at key resistance
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