EUR/USD is trading at 1.0696, 0.05% down since previous day close. The EUR/USD pair is finding it challenging to capitalize on the previous bounce seen on Monday and is presently hovering around the 1.0700 mark. The EUR/USD pair has now moved into a phase of consolidation. If the level crosses above this point and reaches the target of 1.0809, there is a possibility of an upward movement after 1.07476; the nearest support level is at 1.0660.

GER30 is trading at 18140, 0.47% up since previous day close. Following a more than 1% decline in the previous session, European markets saw a slight decline on Friday. The benchmark index was on track for weekly losses as investors stayed away due to political unrest in France. Political ambiguity is still causing DAX30 to remain bearish. traders on the bullish side are waiting for positive news to turn the market around. EUR political crises lead sharp fall last two days now DAX30 recovering from support if sustain in green so first resistance will be 18380, the closest support might be reached at 17900.

XAU/USD is trading at 2316.76, 0.33%, up since previous day close. Early European trading hours see the gold price (XAU/USD) meet with new supply, eroding some of Friday’s gains following the Federal Reserve’s (Fed) unexpectedly hawkish statement. That being said, given the indications that US inflationary pressure is abating, the prospect of two Fed rate cuts in 2024 is still on the table. Technically speaking, traders should hold off on putting new bearish bets on the price of gold until they see a consistent break and acceptance below $2,300. Therefore, it would be wise to hold off until there is some additional selling below the horizontal support level of $2,285.