Pairs to Watch – EUR/USD, GBP/USD, Gold, GBP/JPY, Bitcoin, USD/CAD, NASDAQ 100, Silver

Weekly Currency Market Overview

The euro experienced a decline against the US dollar this week, with the 1.18 mark continuing to serve as a significant resistance point. Looking ahead, similar trading patterns are likely to persist, although Friday’s upcoming US employment data could be a catalyst for increased volatility. Until then, the market is expected to remain relatively range-bound and indecisive. However, should the euro manage to close above 1.1875, there is potential for a move toward the 1.20 threshold.

Chart

Meanwhile, the British Pound saw a modest retreat over the week, still facing challenges in surpassing the notable 1.35 level. This round number remains a key psychological barrier for traders.