EUR/USD Forecast: Faces Resistance Near 1.06
The Euro sees a modest bounce but faces strong resistance at 1.06, as political instability and economic slowdown in the EU favor continued bearish pressure.
GBP/USD Forecast: Stalls Near 1.25
GBP/USD remains lackluster near 1.25, with thin trading favoring sideways movement and potential downside as interest rate dynamics support the US dollar.
USD/CHF Forecast: Holds Strong Near 0.90
USD/CHF stabilizes at 0.90 as rising US bond yields and Swiss National Bank rate cuts support a bullish outlook, with dips seen as buying opportunities.
CAD/JPY Forecast: Threatens a Breakout
CAD/JPY edges toward the crucial 110 resistance zone, driven by yen weakness and support near the 50-day EMA, but faces challenges in breaking higher.
USD/MXN Forecast: Holds Above 20
USD/MXN holds steady above 20 pesos support, with upside potential limited near 21 pesos amid Mexican economic struggles and pending US policy clarity.
