EUR/USD, “Euro vs US Dollar”
EUR/USD quotes have broken the 200-day Moving Average on H4 and are now below it, which indicates a potential downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the support at 4/8 (1.0986) is expected, followed by a decline to the level of 2/8 (1.0864). The scenario can be cancelled by a breakout of the resistance at 5/8 (1.1074). In this case, the pair could rise to 6/8 (1.1108).
On M15, the price decline might be additionally supported by a breakout of the lower boundary of the VoltyChannel.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to test the 0/8 (1.2695) level, break it, and fall to the support at -1/8 (1.2634). The scenario can be cancelled by an upward breakout of 1/8 (1.2756), which could help the pair reach the resistance at 2/8 (1.2817).
On M15, a breakout of the lower line of the VoltyChannel could increase the probability of a price drop.
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EUR/USD trades deep in red below 1.0300 after strong US jobs report
EUR/USD stays under bearish pressure and trades below 1.0300 in the American session on Friday. The US Dollar benefits from the upbeat jobs report, which showed an increase of 256,000 in Nonfarm Payrolls, and forces the pair to stay on the back foot heading into the weekend.
GBP/USD drops toward 1.2200 on broad USD demand
GBP/USD extends its weekly slide and trades at its weakest level since November 2023 below 1.2250. The data from the US showed that Nonfarm Payrolls rose by 256,000 in December, fuelling a US Dollar rally and weighing on the pair.
Gold ignores upbeat US data, approaches $2,700
Following a drop toward $2,660 with the immediate reaction to strong US employment data for December, Gold regained its traction and climbed towards $2,700. The risk-averse market atmosphere seems to be supporting XAU/USD despite renewed USD strength.
Sui bulls eyes for a new all-time high of $6.35
Sui price recovers most of its weekly losses and trades around $5.06 at the time of writing on Friday. On-chain metrics hint at a rally ahead as SUI’s long-to-short ratio reaches the highest level in over a month, and open interest is also rising.
Think ahead: Mixed inflation data
Core CPI data from the US next week could ease concerns about prolonged elevated inflation while in Central and Eastern Europe, inflation readings look set to remain high.
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