EUR/USD gives away gains and returns below 1.1300

The pair remains under pressure below the 1.1300 handle.
The greenback trades close to session tops near 97.50.
US preliminary Q3 GDP figures next of relevance later today.

Pablo Piovano FXStreet

The single currency remains under pressure so far this week, prompting EUR/USD to navigate in the lower bound of the recent range in the 1.1290/85 band.

EUR/USD looks to data, Brexit

The pair is struggling for direction today and at the same time is looking to revert three consecutive daily pullbacks, always against the backdrop of a solid sentiment surrounding the buck.

Persistent uncertainty and lack of serious progress around the Brexit negotiations continue to weigh on global sentiment as well as Italian politics, where the 2019 budget still remains in the centre of the debate.

Moving forward, the ECB will publish its Private Sector Loans and M3 Money Supply later in the morning. Across the pond, all eyes will be on another revision of the Q3 GDP, New Home Sales and the weekly report from the EIA.

EUR/USD levels to watch

At the moment, the pair is losing 0.02% at 1.1286 and a break below 1.1278 (low Nov.27) would target 1.1214 (2018 low Nov.12) en route to 1.1188 (61.8% Fibo of the 2017-2018 rally). On the flip side, the next barrier is located at 1.1357 (21-day SMA) seconded by 1.1434 (high Nov.22) and finally 1.1473 (high Nov.20).

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Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.