EUR/USD gains bullish momentum, US NFP disappoints

Aayush Jindal TitanFX

Key Highlights

EUR/USD started a fresh increase above the 1.2100 resistance zone.

GBP/USD rallied above the 1.4000 resistance, and gold price climbed above $1,830.

EUR/USD Technical Analysis

After forming a support base above 1.2000, the Euro started a fresh increase against the US Dollar. EUR/USD climbed above the 1.2050 and 1.2100 resistance levels to move into a positive zone.

Looking at the 4-hours chart, the pair gained pace after it cleared a connecting bearish trend line at 1.2020. There was a strong close above the main 1.2050 resistance and the 100 simple moving average (red, 4-hours).

The pair even climbed above the 1.2120 resistance and settled well above the 200 simple moving average (green, 4-hours). As a result, the pair cleared the last swing high at 1.2150.

An immediate resistance is near the 1.2200 zone. The next key resistance could be 1.2250. It is near the 1.618 Fib extension level of the key decline from the 1.2150 high to 1.1985 low.

On the downside, the previous resistance near 1.2120 and 1.2100 might provide support. The main support is now forming near the 1.2050 level.

Author

Aayush Jindal

TitanFX

I have spent over six years as a financial markets contributor and observer, and possess strong technical analytical skills. I am a software engineer by profession, loves blogging and observing financial markets.

EUR/USD steadies near 1.1650 ahead of US Nonfarm Payrolls

EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s policy outlook. December NFP is forecast to show job gains of 60,000, down from 64,000 in November.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold defends $4,450, looks to the crucial US NFP report

Gold struggles to capitalize on the previous day's goodish move up from the vicinity of the $4,400 mark and attracts some sellers while defending $4,450 in the Asian session on Friday. The critical US employment details will offer more cues about the Fed's rate-cut path, which, in turn, will influence the US Dollar price dynamics and provide a fresh impetus to the non-yielding bullion.

Forecasts for Payrolls are all over the place

Yesterday’s data put the kybosh on the idea the Fed needs to cut rates fairly urgently to protect the labor market. The jobs component of the ISM services index was nicely over 50, and that rising JOLTS voluntary quits rate also points to no real heartache in labor.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.