- EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
- The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
- While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.
EUR/USD daily chart
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EUR/USD treads water just above 1.0400 post-US data
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Poor results from the UK docket kept the British pound on the back foot on Thursday, hovering around the low-1.2500s in a context of generalized weakness in the risk-linked galaxy vs. another outstanding day in the Greenback.
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Persistent safe haven demand continues to prop up the march north in Gold prices so far on Friday, hitting new two-week tops past the key $2,700 mark per troy ounce despite extra strength in the Greenback and mixed US yields.
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