The bearish sentiment is likely to dominate the Sterling today.
On Thursday the yellow metal's price remained near the lower trend line of the most dominant channel up pattern.
On Thursday morning the US Dollar had gained new high levels against the Japanese Yen.
The Sterling remains near all three moving averages.
The Euro's appreciation today is dependent on its ability to surpass the 55-hour SMA at 1.1850.
The yellow metal has plummeted down below the 1,300 mark.
The resistance cluster, which was described on Tuesday had been broken by the middle of that day's trading session.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3545.
EUR/USD flashes mixed signals in this session.
On Tuesday the retreated of the yellow metal continued in the borders of the previously drawn medium term channel.
Tuesday morning saw the US Dollar testing the resistance trend line against the Japanese Yen, which held its ground.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3555.
A breakout from the narrow range between the 55- and 200-hour SMA is expected to determine the pair's direction in this session.
On Monday the yellow metal's price was being guided by the support of the 55-hour SMA.
On Monday morning the US Dollar surged against the Japanese Yen, as the currency exchange rate
The following hours are likely to demonstrate which direction is to prevail in this session.
A strong support cluster that should limited EUR/USD is located near 1.1920.
The yellow metal strengthened against the US Dollar for the second consecutive trading session.
The US Dollar continues to maintain it ascending channel against the Japanese Yen.
Given the strong resistance of the 200-hour SMA, the Sterling should not exceed the 1.3580 mark today .
EUR/USD is likely to remain bounded by the 55- and 200-hour SMAs today.
Fundamental events should guide the GBP/USD exchange rate today.
Technical indicators signal to bullish momentum today.
The XAU/USD pair has been fluctuating between the upper and lower boundaries of a descending channel.