EUR/GBP Price Analysis: Bears poke 0.8800, Head and Shoulders in the offing EURGBP Technical Analysis SwingTrading ChartPatterns SupportResistance
AUD/USD buyers struggle to keep the reins around 0.6650 during Monday’s sluggish trading session, after a volatile week. In doing so, the Aussie pair licks its wounds after posting the weekly loss but lacks recovery momentum to extend the late Friday’s corrective bounce off a one-week low.USD/JPY is up 0.1% on the day and has traveled between 130.49 and 131.05 so far while the mood remains jittery after shares in Deutsche Bank fell 8.5% on Friday.
The XAU/USD exchange rate experienced a dip from the $2,000 mark as US authorities reassured investors of their strong commitment to addressing any potential issues in the banking sector. This assurance, coupled with a slightly stronger US dollar and a recovery in equity markets, has contributed to the decline in Gold prices.
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