Technical Analysis

EUR/USD turned lower on Friday, striking a five-session low, as diverging economic data and technical indicators suggest continued downside risks.

EUR/USD longs might be concerned as the currency pair fell below the 10-day moving average (10-DMA) on Thursday, despite typically bullish factors.

The GBP/USD pair, commonly known as "Cable," has recently experienced significant fluctuations, driven by both technical and fundamental factors.

The EUR/USD experienced only a slight increase on Tuesday, with bullish sentiment barely taking advantage of disappointing U.S. retail sales data.

EUR/USD saw a recovery on Thursday, rebounding from earlier lows as unexpectedly soft U.S. economic data stirred expectations of potentially easier Federal Reserve policy.

The USD/JPY pair has seen a significant rebound in Asian trading, rising from 156.55 to 157.03 following a plunge to 155.70 overnight due to weaker-than-expected U.S. CPI data.

The EUR/USD pair faces increasing downside risks, reflecting a complex mix of technical and fundamental factors.

The USD/JPY currency pair recently ended its series of lower highs following a bullish Non-Farm Payroll (NFP) report.

EUR/USD experienced a retreat from Thursday's peak of 1.0902 following the European Central Bank's (ECB) potentially premature rate cut.

The GBP/USD pair experienced a significant rise to a session high of 1.2795, positioning itself to potentially test the recent trend high at 1.2818.