FxAnalysis

EUR/USD trades sideways near 1.1645, with an inverse head and shoulders pattern pointing to a bullish breakout toward 1.1835 unless 1.1600 support breaks.

Silver prices consolidate around $37.50 support, with the 50-day EMA holding firm and a breakout above $39 likely to fuel bullish momentum toward $40.

Gold prices remain quiet but bullish as support holds above $3300, with traders awaiting Powell’s tone at Jackson Hole for the next big move.

Natural gas prices threaten a $2.75 breakdown as weak seasonal demand fuels bearish pressure, with traders eyeing $2.50 as the next key target.

The euro is attempting a recovery near 1.16, with Fed policy signals and Jackson Hole remarks set to drive the next move in EUR/USD.

The Euro (EUR) struggled to regain upside traction on Tuesday, prompting EUR/USD to navigate an inconclusive range in the sub-1.1700 region, all against the backdrop of a lack of clear direction in the US Dollar (USD).