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31 May 2017

EUR/GBP MACD fails to challenge recent highs

EUR/GBP could be facing downside pressure as its MACD failed to test recent highs.

A bearish divergence between EUR/GBP spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.

May 31, 2017

USD/CAD momentum is supportive for attempt higher

Gold jumps to $1274 1-month high

Gold rose further during the American session and broke above $1270. It peaked at $1274.05/oz, the strongest level since April 25. It remains above...