EUR/USD Technical Analysis: Room for a test of the 200-day SMA at 1.1367

EUR/USD has come under renewed selling pressure at the beginning of the week after recording fresh 3-month tops near 1.1350 on Friday.
The corrective up move still carries the potential to extend further and visit the critical 200-day SMA at 1.1367 in the short-term horizon.
A breakout of this resistance area could pave the way for another test of March peaks in the 1.1445/50 band.

EUR/USD daily chart

Jun 10, 2019

GBP/USD slips below 1.2700 handle, fresh session lows post-UK data

The GBP/USD pair held on to its weaker tone through the early European session on Monday, with bears now eyeing a follow-through weakness below the 1.

Gold drops to multi-day lows, around $1325 level

Gold remained under some heavy selling pressure through the early European session and dropped to multi-day lows, around the $1325 region in the last