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EURUSD traders turn optimistic ahead of Thursday’s European Central Bank (ECB) meeting.
With the pandemic woes back to the table, fears of depleting oil demand and scheduled jump in supplies weigh on Brent prices during early Wednesday.
GBPUSD extends the upside break of the two-month-old resistance line, now support, towards horizontal hurdles comprising late February tops.
EURUSD again eyes the 1.1990–1.2000 horizontal resistance area established since early March.
Gold’s pullback from a two-month low, followed by a bounce off the previous resistance line, portrays a BPC bullish chart.
USDJPY’s failures to regain above 200-SMA, coupled with monthly falling channel formation, favor bears targeting an ascending support line from March 05
AUDUSD takes the bids near the one-week top. Given the strong RSI and upbeat MACD.
Brent oil’s gradual recovery from late March nears a five-week-old resistance line. Upbeat RSI conditions and an upward sloping support line favor oil buye
EURUSD recovery from April-start couldn’t cross 200-SMA as overbought RSI triggered the currency major pair’s pullback.
Gold refreshed six-week top the previous day but failed to cross a downward sloping trend line from January-end, not to forget 50-DMA.
GBPUSD has a bumpy road to recovery with horizontal hurdles from early March and bearish MACD signals.
USDCAD extends recovery moves from 1.2500 as bulls attack a 10-week-old descending trend line ahead of the key speech from US President Joe Biden and FOMC
Gold fails to stay positive amid RSI pullback below the key 200-SMA level.
EURUSD is on a corrective pullback from the yearly low, mainly due to the downbeat US Treasury yields.
EURUSD drops to the lowest in five months as traders await US President Joe Biden infrastructure bill details.