Euro Firms Modestly After Recent Losses
EUR/USD recovered toward 1.1575 during Friday’s Asian session, as traders reassessed sentiment following recent losses. Ongoing political instability in France continues to weigh on the euro, keeping downside risks in focus. Meanwhile, investors remain attentive to any signs of progress in resolving the prolonged US government shutdown.
Technically, 1.1510 is the key support, while resistance is seen at 1.1600.
| R1: 1.1600 | S1: 1.1510 |
|---|---|
| R2: 1.1650 | S2: 1.1450 |
| R3: 1.1720 | S3: 1.1400 |
Gold Finds Support Within Ascending Channel
Gold attracts renewed buying interest around $3,960, pausing its decline from Wednesday’s record high of $4,059. The US Dollar experiences a modest correction as traders take profits amid a cautious market mood and dovish remarks from Fed officials, ahead of upcoming sentiment figures. On the daily chart, gold continues to trade within an ascending channel, while the RSI has eased from overbought levels.
From a technical perspective, support is around 3925, and resistance is at 4020.
| R1: 4020 | S1: 3925 |
|---|---|
| R2: 4085 | S2: 3885 |
| R3: 4150 | S3: 3840 |