Technical analytics

Brent was not able to settle above 55.50 and gave up its recent gains.

Gold prices continued their consolidation phase oscillating between 1330 and 1320. 

The level 111.00 seemed to be well defended. Buyers failed to retake this level and retreated to 109.50. 

The trend is clearly bullish for now. 

The euro is struggling to build a recovery trying to maintain a bid tone. 

A minor technical correction is underway in the European session today. 

The pound decided to continue its rally after the recent sell-off.

Buyers decided to take a breather after a long rally.

The Wednesday’s rebound stalled at 145.00 where the pair found fresh bids and jumped back to the recent highs. 

The euro bulls met a barrier at 132.00. The spot bounced off the level and softened to 131.00 afterwards.