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EUR/USD — Dollar Pressure Keeps Pair Elevated

Key Highlights
• EUR/USD consolidates near 1.1750 after three-week rally
• USD Index trades near 98.40 after breaking 200-day MA
• Markets still price two Fed cuts in 2026
• ECB expected to remain on hold this week

Market Overview
EUR/USD remains supported near monthly highs as persistent US Dollar weakness dominates FX markets. Investors continue to position against the Fed’s conservative rate-cut guidance, focusing instead on softening US labor data and policy uncertainty. With limited catalysts from the Eurozone, price action remains largely USD-driven.

Technical Outlook (H4)
• Price holding above 20-period MA
• Stochastic stable in mid-range
• Bullish structure intact during consolidation

Key Levels
Resistance: 1.1795; 1.1852
Support: 1.1685; 1.1623

Fremora Takeaway
EUR/USD is consolidating strength rather than showing exhaustion. Holding above 1.1685 keeps upside risks dominant. US employment and inflation data will be decisive for the next directional break.

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GOLD (XAU/USD) — Bull Trend Holds After Recent Pullback

Key Highlights
• Gold consolidates near $4,310 after testing $4,350
• USD weakness and Fed easing expectations support price
• Markets expect more Fed cuts than official projections
• Long-term bank targets remain near $5,000

Market Overview
Gold remains firmly bid despite modest pullbacks from recent highs. The metal continues to benefit from falling real yields, Dollar weakness, and growing skepticism toward the Fed’s rate outlook. Political uncertainty surrounding future Fed leadership adds an additional layer of safe-haven demand.

Technical Outlook (H4)
• Price holding above 20-period MA
• Stochastic cooled to neutral zone
• Uptrend structure remains intact

Key Levels
Resistance: 4353.54; 4412.29
Support: 4262.81; 4204.23

Fremora Takeaway
Gold’s pullback appears corrective, not trend-changing. As long as price holds above $4,260, bullish momentum remains dominant. Weak US data could quickly reopen the path toward record highs.

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GBP/USD — BoE Week Keeps Sterling Range-Bound

Key Highlights
• GBP/USD holds near 1.3380 ahead of BoE decision (Dec 18)
• Markets price ~90% odds of a 25 bps BoE cut from 4.0%
• UK jobs (Dec 16) and CPI (Dec 17) are key catalysts
• USD weakness still the main driver behind recent gains

Market Overview
Sterling is consolidating as traders reduce risk ahead of a dense UK event stack: labour data, inflation, then the Bank of England decision. While a cut is widely expected, the tone of guidance matters more for GBP/USD. In the background, the pair remains anchored by broad Dollar weakness after the Fed’s recent pivot.

Technical Outlook (H4)
• Price consolidating around the 20-period MA
• Stochastic steady in mid-range
• Neutral bias until post-data breakout

Key Levels
Resistance: 1.3450; 1.3522
Support: 1.3297; 1.3226

Fremora Takeaway
GBP/USD is in “event-risk compression” mode. UK jobs and CPI can easily reset BoE pricing and trigger a breakout. As long as 1.3297 holds, dips remain corrective rather than bearish continuation.