The pair is consolidating above the strong support level of 1.0985. Expect the price to continue to increase despite a possible slight correction, as investors move away from dollar assets and start buying risk assets more actively, including those denominated in euros.
Technical side:
The price is above the …
The US dollar fluctuated in a narrow range slanting back down during the Asian session, to witness its bounce for the fourth session in seven sessions from the top since April 13 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp …
Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session to witness its bounce for the fifth session in eight sessions from its highest since April 14, when it tested the highest for it since the fifth of October 2012 amid the high dollar index …
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