The Euro was pressured by the 55-hour SMA early on Monday which is likely to push EUR/USD lower.
The bullion on Friday continued to trade in the previously discovered channel down pattern.
On Friday the USD/JPY traded in the same range as on Thursday. This phenomena can be explained by
The pair likely to edge higher during the morning session, while being guided by the US GDP release later in the day.
GBP/USD is likely to be guided by fundamentals in this session.
The bullion remained near the previously described zone of 1,320 to 1,330 mark on Thursday.
On Thursday the USD/JPY rate had passed another resistance level. However,
The Sterling is likely to decline today due to a strong resistance cluster at 1.3970.
The Euro has fallen to a four-month low of 1.2165 this morning; thus, some recovery is likely today.
On Wednesday the yellow metal remained in the same range between 1,320 and 1,330 levels.
By the middle of Wednesday's trading the USD Dollar had been attempting to break a resistance near the 109.15 mark for the past two trading sessions.
The Sterling is likely to hinder near the psychological 1.40 level today.
The common European currency was pressured lower by the 55-hour SMA early on Wednesday.
Just like any other asset that involves the US Dollar, the yellow metal's price has stopped large scale volatile movements.
After the massive surge of the US Dollar against the Japanese Yen, the pair seemed to have revealed the pattern, which represents the rate's recent surge.
Bullish sentiment is expected to prevail in this session.
Slight downside potential could be apparent during the first part of the day; however, the Euro should eventually recover.
As the US Dollar gains in the aftermath of political achievements in the Korean peninsula, the prices of commodities are falling.
The Buck has just kept gaining ground against the Japanese Yen.
It is expected that the senior channel holds the Pound and thus allows for a recovery today.
No strong resistance/support clusters are located nearby, so the Euro might move both directions.
On Friday morning the yellow metal's price passed a previously active medium channel up pattern's support.
As the US Dollar has continued to surge again the Japanese Yen it finally encountered resistance strong enough to stop it.
It is likely that bulls try to regain some positions today after the massive two-day plunge.