EUR/USD Technical analysis

Source: Dukascopy Bank SA
The EUR/USD currency pair has demonstrated sustained bullish momentum throughout the month of April, consistently trading above its key simple moving averages—a sign of a strong underlying uptrend. This upward bias reflects improving sentiment around the euro, likely supported by easing inflationary pressures in the Eurozone and a more stable economic outlook compared to earlier in the year.



On the downside, market volatility—possibly driven by macroeconomic data releases or shifts in central bank policy expectations—could result in a short-term pullback. In that case, the pair may find initial support around 1.1160. A break below this level would expose the next key support near 1.0900, a zone that has historically attracted strong demand.

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Tue, 29 Apr 2025 08:39:35 GMT

GBP/USD Technical analysis

The FX pair is currently trading above its simple moving averages and remains above the key psychological level of 1.3400. This positioning indicates underlying bullish momentum. However, if bearish pressure emerges, the first area of support to watch is at 1.3350. A decisive break below this level could open the door for a further decline toward the next support zone

Thu, 24 Apr 2025 11:26:12 GMT

XAU/USD technical analysis

"After pulling back from the recent high of 3500.00, gold has been moving sideways in a range between 3270.00 and 3385.00. This shows that the market is currently in a state of indecision, with buyers and sellers fairly balanced. To break out of this range and start a new short-term trend, a strong move in either direction is needed. If

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