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4 May 2023

EUR/USD Price Analysis: The 1.1100 barrier is just around the corner

  • EUR/USD’s upside falters just ahead of 1.1100 once again.
  • A sustainable advance seems likely once 1.1100 is cleared.

EUR/USD keeps the march north well in place and always with the immediate target at the 1.1100 barrier so far on Thursday.

Further recovery appears on the table for the time being. The surpass of with the 2023 high at 1.1095 (April 26) should encourage the pair to rapidly leave behind the round level at 1.1100 before embarking on a potential visit to the weekly high at 1.1184 (March 21 2022)

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0429.

EUR/USD daily chart

 

 

May 4, 2023

USD Index Price Analysis: Further weakness targets the 2023 low

DXY exchanges ups and downs in the low-101.00s following the FOMC event on Thursday. The continuation of the ongoing decline faces the next support of
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May 4, 2023

Gold Price Forecast: XAU/USD set to reach new record highs above $2,070/75 – Credit Suisse

Gold is still stalling in a range from just ahead of pivotal resistance from its $2,070 and $2,075 record highs. But economists at Credit Suisse stay
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