FxAnalysis

EUR/USD holds steady at around 1.1600 in the European session on Thursday after closing in positive territory on Wednesday.

The GBP/USD pair climbs to a four-week top on Thursday, though the intraday positive move falters near the 1.3265-1.3270 area during the early European session.

BTC/USD broke above the $90,000 resistance as oversold conditions and Fed rate cut optimism fueled a bullish reversal, with $95,000 in sight.

AUD/USD rebounded on strong Australian inflation data, reducing RBA rate cut expectations, though technical resistance near 0.6600 may cap further gains.

GBP/USD extended gains following the UK budget speech, but looming tax hikes and technical resistance near 1.3230 suggest the rally may soon face headwinds.

EUR/USD’s weekly leg higher remains firm, with spot challenging the key 1.1600 hurdle amid the third consecutive daily advance.