EUR/USD Forecast: Euro clings to bullish stance ahead of Fed
EUR/USD edges higher to start the week and trades in positive territory above 1.1650 in the European session.

EUR/USD edges higher to start the week and trades in positive territory above 1.1650 in the European session.
Gold is trading around a flat line near the $4,200 mark, starting a crucial US Federal Reserve (Fed) week on a cautious footing.
After rising more than 3.5% in the previous week, Gold (XAU/USD) has entered a consolidation phase and fluctuated at around $4,200.
The Pound Sterling (GBP) recovery gathered steam against the US Dollar (USD), driving GBP/USD to fresh five-week highs above the 1.3350 level.
Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.
The EUR/USD went into the weekend near the 1.16433 level after starting this past Monday’s Forex trading around the 1.16300 vicinity, while the gains made may not look significant there are signs of sentiment shift.