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EUR/USD gaining upside traction

EUR/USD declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.

The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that we have seen the bottom on this pair for the time being.

NZD/USD remains under pressure below 55 DMA

NZD/USD is currently trading at 0.6462 with a high of 0.6490 and a low of 0.6455.
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GBP/USD rangebound near term – OCBC

FX Strategist at OCBC Bank Emmanuel Ng suggested the pair could remain within the 1.51-1.53 range in the near term...
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