EURGBP slides lower
The pair hit another swing low as price action remains choppy.
The pound’s attempt to break 0.8670 showed strong selling interest as the pair lost over 50 pips.
A bearish continuation would send the pair towards 0.8630, where a breach could open the door to an extended rally.
As the RSI takes a break towards the oversold area, 0.8730 is the first target in case of a retracement.
XAUUSD finds support
Gold inches higher amid heightened global tensions, as traders support the yellow metal.
The price is pushing toward another fresh peak, but it will need to break 4570 to continue higher.
Any correction is likely to be driven by profit-taking, with 4500 being a critical bottom.
4640 is the target ahead in case of a bounce, as price action remains indecisive.
US 30 fighting back
The Dow spiked higher as traders attempted to ignore the recent AI and tech sell-off. A move away from 49000 has prompted short-term sellers to trim their exposure.
Sentiment remains upbeat, as a few big players in the earnings zone could propel the Dow.
The index is now testing 49800 as the comeback from the recent sell-off continues.
Any sort of retracement will need to break 49300 first.
Otherwise, a bullish continuation could lead the price back towards 50200.
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