Looking at the 4-hour chart, the pair settled below the 1.0700 level, the 100 simple moving average (red, 4 hours), and the 200 simple moving average
EUR/USD is keeping its range at around 1.0650, struggling for a clear direction in the Asian trading on Monday. Markets stay risk-averse, weighing the Fed's 'higher-for-longer' rate view and lingering China's property market woes. Germany's IFO survey eyed. GBP/USD enters a bearish consolidation phase near a multi-month low touched last Friday. The USD continues to draw support from the Fed's hawkish outlook and acts as a headwind.
The prices of yellow metal snapped a losing streak on Friday as the US Dollar trimmed its intraday gains, which could be attributed to the falling in the US Treasury yields.Worldcoin price has paused its uptrend as it currently trades at $1.57. This move comes after the altcoin rallied a whopping 77% in just three days, between September 13 and 16. As WLD hovers aimlessly, investors need to be patient to catch the next volatile move.
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