EUR/USD Forecast: Sideways action continues after ambiguous ECB
EUR/USD found support after closing marginally lower on Thursday and recovered to the 1.1800 area on Friday. Improving risk mood could help the pair hold its ground in the near term.

EUR/USD found support after closing marginally lower on Thursday and recovered to the 1.1800 area on Friday. Improving risk mood could help the pair hold its ground in the near term.
The USD/CAD pair attracts some sellers following an intraday uptick to the 1.3725 region, or a nearly two-week high touched this Friday, and, for now, seems to have snapped a two-day winning streak amid a combination of negative factors.
Gold buyers are fighting back control early Friday, after having found bargain buying interest once again near the $4,650 psychological level.
EUR/USD appears to have run into resistance just below the 1.1800 handle for now. Sellers have struggled to force a clearer move lower from this area, leaving the pair stuck in a holding pattern.
Spot Gold changed direction on Thursday, trimming a good chunk of its recent gains. The XAU/USD pair trades around $4,880 in the American afternoon, after briefly surpassing the $5,000 mark during Asian trading hours.
AUD/USD looks to have run into fairly firm resistance around 0.7050, pausing after a strong three-week rally. The pair is taking a breather rather than rolling over, and any pullbacks so far look more like consolidation than a change in trend.