The euro tests the 1.18 ceiling within its 1.16–1.18 range, with Fed policy set to determine whether EUR/USD breaks higher or stays range-bound.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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AUD/USD breaks higher above 0.6625 resistance, with bullish momentum targeting 0.6750–0.6800 as traders await Fed and Australian jobs data.
BTC/USD steadies above $125K with ETF inflows supporting price, but weakening momentum signals risk of a pullback toward 107,100 before any push to 120,000.
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GBP/USD extends gains above 1.3600 with bullish momentum, as traders watch UK and US data alongside diverging Fed and BoE policies.
EUR/USD remains rangebound between 1.16–1.18, with cautious sentiment ahead of the Fed’s rate cut decision and euro risks heightened by France’s downgrade.
Gold (XAU/USD) remains strongly bullish above $3,642, with support at $3,620–$3,580 and upside potential toward $3,700 as Fed rate cuts drive momentum.
Bitcoin (BTC) price is up 8% from its local lows to trade above $116,000 on Monday, fueled by anticipation of Federal Reserve rate cuts this week and robust institutional inflows.
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The US dollar edges higher against the yen, testing the 200-day EMA as markets await the Fed decision to see if USD/JPY can break above ¥149.
The euro eases against the US dollar, trading in a tight 1.16–1.18 range as markets await clarity from the Federal Reserve and ECB.
The British pound continues to challenge 1.36 resistance, with bullish momentum supported by rising EMAs and downside risk limited by 1.34 support.
Bitcoin shows signs of exhaustion at $116K–$117K but remains bullish, with support near $113K and upside potential toward $120K.
USD/CAD steadies around 1.38 with bullish bias, as Canadian weakness from job losses and trade tensions contrasts with US dollar resilience.
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