FxAnalysis

Risk-off sentiment in the market is driving the price of this pair lower, but the nearby support level looks strong so it may hold.

BTC/USD has broken key support levels, confirming a bearish flag breakdown as traders brace for US NFP data and a possible BoJ rate hike, with $80,000 now in sight.

The EUR/USD pair surged to its highest level since October as traders anticipate the ECB rate decision and US non-farm payroll data, with bullish technicals targeting 1.1850.

EUR/USD struggled to gather directional momentum on Monday and closed the day with marginal gains. The pair stays quiet early Tuesday and continues to move sideways at around 1.1750.

Gold (XAU/USD) attracts some sellers during the Asian session on Tuesday and extends the overnight pullback from the $4,350 region, or the vicinity of the highest level since October 21, touched last week.

Spot Gold trades around $4,300 at the start of the new week, pretty much unchanged on a daily basis. The bright metal found some near-term demand throughout the first half of the day amid persistent US Dollar (USD) weakness.