FxAnalysis

EUR/USD is stuck near key resistance as markets await the ECB decision, with signals favoring a breakout toward 1.1850 or a drop to 1.1650.

After spending the first half of the day under bearish pressure on Wednesday, EUR/USD stage a late rebound to close marginally lower.

Gold (XAU/USD) struggles to capitalize on the previous day’s move higher back closer to the $4,350 level and trades with a mild negative bias during the Asian session on Thursday.

Gold remains strongly bullish above key support levels, with momentum favoring a test of $4,400 as safe-haven flows and weak U.S. data continue to support prices.

EUR/USD remains in an upward correction but faces selling pressure ahead of ECB and inflation data, with key signals pointing to opportunities on both sides.

USD/BRL has surged above 5.50 amid rising concerns about Brazil’s economic outlook, with traders watching whether this level becomes new support or reverses lower.