US Greenback Forecast: US Jobless Claims and Dwelling Gross sales Form Gold, GBP/USD, EUR/USD Outlook…

GBP/USD is buying and selling at $1.26435, down zero.06%, indicating a cautious bearish sentiment on the Four-hour chart. The pair stays under the pivot level at $1.26735, suggesting additional draw back threat.

Rapid assist is seen at $1.26129, with further ranges at $1.25713 and $1.25309 providing a security web. Resistance is positioned at $1.27154 and $1.27544, with a better ceiling at $1.27934.

The 50-day EMA at $1.26718 is aligning with the pivot, reinforcing bearish momentum, whereas the 200-day EMA at $1.27991 highlights a stronger resistance zone above.

Progress Amid Monetary Uncertainty

The Eurozone’s financial outlook stays precarious, because the ECB’s Monetary Stability Evaluation highlighted elevated vulnerabilities in monetary markets and sovereign debt. German PPI met expectations at zero.2%, signaling secure producer costs, whereas the German 30-year bond public sale confirmed barely larger yields at 2.55%.

Upcoming Eurozone Shopper Confidence information (-13 forecast) is unlikely to shift sentiment. Elevated borrowing prices and weak fiscal fundamentals proceed to weigh on company stability sheets, leaving the euro beneath stress amidst geopolitical and coverage uncertainty.

EUR/USD Technical Forecast