EUR/USD struggles for direction just above the 1.1600 barrier on turnaround Tuesday, navigating a narrow range in a context of a mild bounce in the US Dollar (USD).

EUR/USD holds near 1.1610 at the time of writing on Tuesday, remaining broadly steady on the day. The pair has preserved the gains recorded earlier this week, supported by easing risk aversion despite mixed signals from the Eurozone.

Gold prices surged to $4265 as XAU/USD continues its bullish breakout trend, supported by Fed rate cut expectations and central bank gold purchases.

EUR/USD trades near 1.1600 in a neutral triangle pattern, with a breakout likely as traders await Eurozone inflation data and Fed policy clues, amid growing divergence between ECB and Fed outlooks.

USD/BRL continues to consolidate near 5.3571 within a well-defined range, with traders watching for potential breakout catalysts from the upcoming U.S. Federal Reserve interest rate decision.

The USD/ZAR has reaffirmed its bearish trend the past handful of days and is lingering within the lower realms of its value once again, as of this morning the currency pair is near 17.11850 with fast action.