EUR/USD is surging to three-week highs amid coronavirus-related USD weakness. The Fed is set to cut rates while the ECB is hesitating. Friday's four-hour chart is pointing to overbought conditions.
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GBP/USD is trading above 1.2800 after hitting a new 2020, nearing the 1.2700 figure, as concerns about a no-trade-deal Brexit are weighing on the pound. Modest recovery seen in USD during the American session keeps the bearish pressure intact.
Gold has been dropping sharply this Friday while reaching the 200 SMA on the four-hour chart. XAU/USD bulls gave up as sellers took the market down sharply. The bears seem to be in charge and more down could potentially be expected.
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