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EUR/USD: New lows are on the cards

EUR/USD Friday’s four-hour chart is decidedly bearish, pointing to losses, according to FXStreet’s analyst Yohay Elam.

Key quotes

“The EUR/USD pair is trading below the 50, 100, and 200 Simple Moving Averages, and the Relative Strength Index is above 30 – outside oversold conditions.”

“Support awaits at 1.0820, Thursday’s low, followed by 1.0750, which was a stepping stone on the way up.”

“Resistance awaits at 1.09, which provided support earlier this week, and it is followed by 1.0970, which held it down around the same time.”

AUD/USD: Moderate bearish stance

The risk is skewed to the downside in the AUD/USD pair, which is about to challenge 0.6000, Valeria Bednarik from FXStreet reports. Key quotes “The AU
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GBP Futures: Outlook remains neutral/bearish

CME Group’s preliminary data for GBP futures markets noted investors reversed seven consecutive daily pullbacks and rose by just 592 contracts on Thur
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