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.
The Euro breaching the 200-hour SMA could point to some bearish sentiment in this session.
The yellow metal remains in the previously established triangle pattern.
The previous comment made that the breaking of the hourly SMAs could cause a bullish swing upwards has become reality.
The Pound consolidates after yesterday's plunge.
The pair remains trading along the 55-hour SMA towards the senior channel.
Gold has formed a minor ascending triangle against the US Dollar.
A bullish breakout of the 55-, 100- and 200-hour SMAs could point to further upside potential in this session.
Yesterday's bearish sentiment expected to prevail in this session, as well.