The forex market opened the week with strong moves in EUR/USD and Gold (XAU/USD). This daily EUR/USD analysis looks at the latest trends, technical levels, and risk factors to watch.
EUR/USD Analysis – Key Levels Today
The euro advanced against the US dollar after the Federal Reserve signaled a dovish stance, hinting at slower rate hikes later this year. At the time of writing, EUR/USD is trading near 1.0910, holding above last week’s resistance at 1.0880.
- Resistance levels: 1.0960 / 1.1000
- Support levels: 1.0850 / 1.0820
Traders should be cautious ahead of upcoming US consumer confidence data. Proper risk management is critical – never risk more than 1–2% of your balance on a single position.
Gold Outlook – Key Technical Zones
Gold prices remain in focus as demand for safe-haven assets increases. Spot XAU/USD is consolidating around $1,945, after briefly testing the $1,950 resistance level.
- A breakout above $1,950 could target $1,965.
- Downside support sits near $1,932.
Gold remains supported by lower bond yields and weaker US dollar momentum.
Risk Management Reminder
Volatility remains elevated across forex and commodities. Use stop-loss orders and position sizing tools to protect your account. Learn more about proper techniques in our Performance Fee Structure and Independent Live Performance sections.
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