About Mahmoud Abdallah
Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.
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EUR/USD remains under pressure below 1.1600 as traders watch for US government shutdown resolution and mixed Fed signals, with support eyed at 1.1460.
EUR/USD continues trading in a bearish structure, with a short-term pullback likely facing strong resistance near 1.1600, aligned with key Fibonacci levels.
Gold prices (XAU/USD) hover around the $4000 mark amid neutral momentum, with strong support near $3920 and key resistance around $4040 as traders assess Fed policy outlook.
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EUR/USD continued its slide below 1.1500, with bearish momentum intact and technical indicators nearing oversold levels ahead of key Eurozone and US data.
Gold fell below the $4,000 mark amid renewed US dollar strength and rising yields, with traders watching support at $3930 and resistance near $4110.
Gold prices remain range-bound near $4000, with key support at $3880 and resistance at $4110 as traders await clarity from US data and China’s tax changes.
The EUR/USD pair remains under pressure, with the 1.14 level in focus as RSI and EMA indicators signal bearish momentum and limited upside.
The EUR/USD pair is showing renewed bearish momentum after failing to hold above 1.1600, pressured by a stronger U.S. dollar and cautious Fed outlook.
Gold (XAU/USD) is facing downward pressure following a post-Fed rebound in the US Dollar. With resistance holding below $4,000, technical indicators point to further downside.
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EUR/USD remains stable near 1.1650, trading within a multi-month range as traders await direction from the Fed and ECB policy announcements later this week.
Gold (XAU/USD) is undergoing a technical correction below $4000, with key support at $3880 and traders watching the Fed’s rate decision as a potential catalyst for the next move.
As expected, the EUR/USD price has remained within narrow ranges at the start of this week's trading, pending the market and investor reaction to the policy announcements from both the US Federal Reserve (Fed) and the European Central Bank (ECB).