EURUSD seeking support
The US dollar continued to lose ground against its main rival as prices surged to another peak.
A decisive break above 1.1760 has kept the pair afloat, and a bullish extension could send prices above 1.1800 in the upcoming days.
With the RSI in a double dip at the overbought area, it could signal a slowdown in momentum.
A break below 1.1720 could trigger another swing lower to test 1.1640.
XAGUSD grinding higher
Silver maintains its rally to the upside, hitting a multi-week high. While sentiment has become extremely bullish after a stellar rise, the RSI’s recent bearish divergence could give sellers some room to breathe.
The price now consolidates around the 81.50 level, after some resistance halted the momentum.
A drop below 80.00 would suggest a lack of immediate follow-through, leading to a potential correction.
77.00 would be a crucial floor to hold.
UK 100 tests key support
The FTSE continues its sideways movement after failing to close above 10300. On the chart, after hitting a bottom at 10160, the index is rebounding higher.
A bullish outcome could expose the recent peak at 10540, potentially leading to a continuation in the near term.
On the downside, 10160 is the first support, while 10000 would be the bulls’ second line of defence.
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