Technical outlook on EUR/USD, GBP/USD, BTC/USD [Video]

EUR/USD picked up a bid on Monday, pushing up toward the 1.1650 area in response to fresh weakness around the US Dollar, all following President Trump threats to escalate tariffs on eight European countries opposing his proposal to take Greenland. With US stock and bond markets closed for Martin Luther King Jr. Day, liquidity is likely to be thin.

GBP/USD found its footing after a soft start to the week, edging slightly above 1.3400 on Monday. The Btitish Pound benefits from a weaker Greenback, as markets react to President Trump’s latest tariff threats against Europe over Greenland.

Gold attracts strong buying interest at the start of the week, surging to a fresh record high near $4,700 per troy ounce. Markets turned more cautious after US President Trump threatened tariffs on eight European countries opposing his plan to acquire Greenland, a shift that helped support the precious metal.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.