Essentially, EUR/USD created a long-legged doji candle, which is widely considered a sign of bearish exhaustion/indecision. A bullish trend reversal, however, would be confirmed only if the spot closes tomorrow above 1.1307 (high of Friday's doji candle).
GBP/USD trades around 1.2920 ahead of London open on Monday. 1.2930 and 1.2980 can act as immediate resistances with 1.2840 likely being nearby rest. Read more
Gold is fast closing on a year-to-date high of $1,326 reached on Jan. 31 and may break higher toward $1,354 (100-month moving average) if ... Read more
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