EUR/USD continues its sprint within an ascending channel, fluctuating between support at 1.0403 and resistance at 1.0596. While buyers are trying to maintain control, the 1.0532 resistance remains a tough barrier to break. The upcoming Manufacturing PMI data will be the key catalyst for the next move. If the report exceeds expectations, the euro could surge...
Gold (XAU/USD) remains steady near $2,950, despite hawkish signals from the FOMC minutes. Meanwhile, rising trade tensions and concerns over new tariffs from the Trump administration continue to fuel demand for the safe-haven metal. On the 4H chart, price is moving sideways, stuck between support at $2,875 and resistance at $2,945. The bullish momentum seems to...
GBP/USD is locked in a tug-of-war around the 1.2637 zone, but history suggests that this level has rejected buyers at least twice before. The shadow of resistance looms large, and if history repeats itself, a strong correction could be on the horizon. On the 4H chart, price is stuck between the EMA 34 and EMA 89, showing clear signs of weakening momentum. If...
USD/JPY is locked in a fierce battle between bulls and bears, but the "bears" are clearly in control. The price is sinking below the EMA 34 & EMA 89 on the 4H chart, sliding down a descending channel like a runaway car with no brakes. With Japan's Manufacturing PMI set for release, the market is bracing for the final blow to this currency pair. The bulls are...