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EUR/USD: Weekly chart suggests pullback from 3-month tops on the ECB day

EUR/USD retreats from 1.1258 to 1.1222 as traders gear up for today’s ECB. 100-week and 200-week SMAs guard the pair’s immediate upside past-61.8% Fibonacci retracement level. The early-May top could offer immediate support during the further downside.


USD/JPY consolidates the upside below 109.00

USD/JPY consolidates gains below 109.00 after the latest uptick to two-month highs off 109.04. Broad US dollar rebound amid mixed Asian equities and looming US-China tensions keep the buoyant tone intact around the spot.  


GBP/USD: Slips below 1.2600 on the break of immediate support line

GBP/USD extends pullback from 1.2616, bears eye 100-HMA during further declines. The pair recently broke the immediate support line while stepping back from the highest since April 30. As a result, the quote is likely to remain downbeat and can extend the fall towards a 100-HMA level of 1.2468 during the further declines.


Gold: Bounces back above $1,700 to keep buyers hopeful

Gold prices recover from immediate support line, 50-day SMA. The yellow metal’s failure to close below 50-day SMA, not to forget a six-week-old ascending support line keeps the buyers hopeful. Risk reset, cautious mood ahead of the ECB also favors the buyers.

Gold News

WTI retraces within an immediate triangle around $37.00

WTI seesaws near three-month high inside a two-day-old symmetrical triangle. The black gold rose to the highest since March 11 the previous day but MACD’s weakness dragged it back from $38.30.

Oil News