EUR/USD Consolidates to Continue Bullish Trend
EURUSD has entered a bullish consolidation phase. The Euro's sharp rise is underpinned by a sell-off in the US Dollar (USD) following a slump in US bond yields.
EURUSD has entered a bullish consolidation phase. The Euro's sharp rise is underpinned by a sell-off in the US Dollar (USD) following a slump in US bond yields.
Gold remains supported after the latest Fed minutes kept the policy tone cautious, while the U.S. Treasury’s decision to increase long-end liquidity support buybacks has helped keep yields and the dollar softer. That backdrop continues to favor precious metals and supports buying interest on controlled pullbacks rather than aggressive chasing at highs.
Bitcoin is currently consolidating inside a contracting structure on the daily chart, with price compressing between descending resistance and rising support.
Daily timeframe we have failed to break below the daily support showing us its a strong level.
Silver (XAG/USD) is currently trading within an important technical structure on the 4-hour chart. Price has been forming lower highs and lower lows since the mid-August peak near $67.00, creating a descending channel.
As per our anticipation, Gold has delivered the expected move from our marked H4 FVG around 4403–4410. 🎯