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EUR/USD – Recovery Attempt Still Unconfirmed

Key Highlights

• USD weakens after soft US manufacturing data
• EUR/USD stabilizes above 1.1700 zone
• Buyers still lack confirmation above resistance
• Momentum remains corrective, not impulsive

Market Overview
EUR/USD continues to trade near the 1.1720 area as the Dollar remains pressured following weaker-than-expected US data. While selling pressure on the USD offers support, the pair has yet to attract strong follow-through buying, keeping price action contained.

Technical Outlook (H4)

• Stochastic rising toward overbought
• Price still below the 20-period MA
• Recovery lacks bullish confirmation

Key Levels
Resistance: 1.1760; 1.1807
Support: 1.1671; 1.1623

Fremora Takeaway
EUR/USD is stabilizing, but the structure remains fragile. A break above 1.1760 is required to confirm bullish continuation. Failure keeps downside risk toward 1.1671 intact.

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GOLD (XAU/USD) – Bullish Trend Intact, Momentum Stretched

Key Highlights

• Safe-haven demand remains elevated
• Price holds firmly above key moving averages
• Momentum approaching stretched conditions
• Pullback risk increasing near resistance

Market Overview
Gold remains bid as geopolitical uncertainty and Dollar softness continue to support demand. Price action stays constructive, though upside momentum has become increasingly extended after the recent surge.

Technical Outlook (H4)

• Stochastic rolling inside overbought
• Price well above 20-period MA
• Bullish structure remains intact

Key Levels
Resistance: 4500.41; 4550.26
Support: 4408.12; 4351.58

Fremora Takeaway
Gold remains bullish above 4408, but momentum is stretched. A pause or pullback would be healthy before another attempt toward 4500+.

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GBP/USD – Bullish Structure Holds Near Highs

Key Highlights

• Sterling supported by broad USD weakness
• Price trades near multi-month highs
• Momentum strong but nearing overbought
• Trend remains clearly bullish

Market Overview
GBP/USD continues to trade firmly near recent highs as Dollar weakness dominates FX markets. Buyers remain in control, though upside momentum is beginning to slow after the recent advance.

Technical Outlook (H4)

• Stochastic nearing overbought
• Price firmly above 20-period MA
• Bullish trend remains intact

Key Levels
Resistance: 1.3594; 1.3653
Support: 1.3488; 1.3429

Fremora Takeaway
GBP/USD stays bullish while holding above 1.3488. Upside continuation is possible, though consolidation would be normal at current levels.