FxAnalysis

GBP/USD stays under modest bearish pressure and trades at around 1.3550 after gaining about 0.3% on Thursday.

EUR/USD struggles to hold its ground and declines toward 1.1700 on Friday after posting modest gains on Thursday. The pair’s near-term technical outlook points to a loss of bullish momentum as markets assess comments from European Central Bank (ECB) policymakers.

The AUD/USD pair edges lower during the early part of the European session and for now, seems to have snapped a two-day winning streak to the highest level since November 2024 touched this Friday.

Gold is reversing the previous decline to retest the $3,650 barrier early Friday.

The EUR/USD pair trades near an intraday high of 1.1746, after falling to a low of 1.1660 during European trading hours. The pair saw little action throughout the first half of Thursday, as market participants were waiting for first-tier events.

USD/INR faces strong resistance at ₹88.50, forming a rising wedge. Support at ₹87 and 50-day EMA, with upside potential toward ₹89 if bullish breakout continues.