In this article, we conduct a thorough analysis of EUR/USD and GBP/USD from a technical standpoint, meticulously studying how price action dynamics and prevailing market sentiment currently intertwine. Key tech levels are also discussed.

Yesterday’s softer US CPI helped markets to rally, with the Dow and Nasdaq 100 at new highs and the Nikkei 225 also risng

USD/JPY remains under pressure from this week’s US inflation figures despite worrying weakness in Japanese growth

The Fed may be breathing a little easier after yesterday’s moderately cooler inflation print which has brought two Fed rate cuts back on table, buoying gold