Mahmoud Abdallah

EUR/USD traded near a two-month high at 1.1768 on Tuesday, with traders eyeing a potential breakout above 1.18 as key Eurozone PMIs and US job data threaten to spark volatility.

The EUR/USD pair remains stable near 2-month highs as traders await the ECB policy announcement and delayed US jobs data, with bullish momentum supported by central bank divergence.

Gold (XAU/USD) continues its bullish climb near all-time highs, supported by Fed rate cut expectations and USD weakness, with resistance at $4390 and key support at $4240.

Gold (XAU/USD) holds firm near $4247 as markets digest the Fed's rate cut and cautious tone. With RSI near overbought and MACD bullish, the trend remains upward.

The EUR/USD pair is showing early signs of a bullish breakout after rebounding from support post-Fed rate cut.

The performance of the gold price index on the daily chart hints at a strong forthcoming move in either direction, and today's most significant event—the US Central Bank announcement—may be the catalyst for this to occur. Spot gold prices have been moving in extremely narrow ranges during recent trading sessions, oscillating between the support level of $4163 per ounce and the resistance level of $4259 per ounce. According to gold trading platforms, the yellow metal's index is stabilizing around the $4205 per ounce level.

Dear reader, as observed in market performance, the EUR/USD pair is showing stability within a short-term ascending triangle pattern, with the price currently testing the horizontal resistance level at the psychological mark of 1.1650. This chart pattern typically signals bullish continuation, suggesting the possibility of an upward breakout. The EUR/USD is trading around the 1.1645 level, hovering just below the resistance area that has capped gains since late November.

Gold prices retreat slightly to $4176 amid US dollar strength and Fed uncertainty, but technicals remain bullish with traders eyeing $4300–$4340 on a breakout.

EUR/USD trades within an ascending channel near 1.1650, awaiting direction from key US jobs data and the Fed’s rate decision, with technical indicators hinting at a possible bullish continuation.

Gold (XAU/USD) remains firmly bullish, holding above $4220 with momentum indicators supportive of further gains; while rate-cut expectations drive investor sentiment, traders eye Fed guidance for the next catalyst.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.