EUR/USD’s recent rebound appears to have stalled just above the 1.1900 mark, where some light resistance has capped the upside for now. Even so, the broader setup still leans constructive, and unless sentiment shifts materially, the 1.2000 handle remains the next natural upside target.
Gold prices remained lifeless throughout the first half of Thursday, but sudden US Dollar (USD) demand in the American session saw the pair plummet to $4,878.71, its lowest for the week.
The optimism around the Australian Dollar remains intact.
The EUR/USD pair trades around 1.1880 early in the American session, maintaining modest intraday gains. The US Dollar (USD) shrugged of most of its persistent weakness, following the release of upbeat employment figures.
As of this writing the USD/MYR is around the 3.9055 ratio as it swims within depths that continue to test technical perceptions and long-term charts.
The price made a further slow decline but seems to have found support and will look more bullish following a breakout beyond $1.1887.