Euro

In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today’s Non-Farm Payrolls (NFP) report.

The Euro rally stalled at resistance into the June open with the weekly range intact ahead of the ECB / NFP. Battlelines drawn on the EUR/USD short-term technical charts.

It was an indecisive month for EUR/USD and a symmetrical triangle has built on the daily chart, highlighting break potential as we move into the final month of Q2.

EUR/USD showed a strong breakout in March that continued through April, but so far in May bulls have stalled and sellers have slowly shown a stronger hand.

The Euro recovery exhausted into uptrend resistance this week with the bears attempting to build some momentum into June. Battle lines drawn on the EUR/USD weekly chart.

The euro has recently appreciated by nearly 0.8% against the USD in the short term, as the European currency gains temporary bullish momentum.

USD weakness has continued and EUR/USD has broken above the key Fibonacci level at 1.1275 for a fresh weekly high. The question now is whether bulls can force a test of 1.1402 or 1.1500.

Over the past three trading sessions, EUR/USD has remained in a state of neutral consolidation, with price movement limited to just 0.3%, reducing the bullish momentum that had begun to build earlier in the week.

A V-shaped Euro recovery failed at trend resistance and shifts the focus to a breakout of the weekly range. Battlelines drawn on the EUR/USD short-term technical charts.

EUR/USD came into the week with sellers in full control, but soft US data has helped to bring a pullback to the trend.

EUR/USD, Gold Outlook: As markets balance trade optimism with soft economic data, EURUSD continues to hold above the 1.12 mark, while gold is testing fresh support levels below $3,200. What are the key levels to watch?