The primary week of July handed comparatively calmly. The battle between the euro and the greenback led to a draw, gold returned to the center of its medium-term vary, bitcoin as soon as once more failed to carry above 110,000, whereas Brent crude oil confirmed a slight enhance. Within the second week of the month, key drivers will stay central financial institution statements, US commerce coverage, and world threat sentiment. These elements will form dynamics throughout foreign money, cryptocurrency, commodity, and vitality markets.
💶 EUR/USD
The EUR/USD pair ended the week close to 1.1777 amid the US greenback’s regular weakening over the previous six months. The pair continues to commerce inside an upward channel, holding above key shifting averages. Within the coming week, a check of the 1.1880–1.1900 resistance zone is probably going, adopted by a potential correction towards 1.1700–1.1750. A breakout above 1.1985 would pave the best way towards 1.2275, whereas a decline beneath 1.1480 would shift the medium-term development to bearish.
₿ BTC/USD
Bitcoin closed the week round 107,745, pulling again from native highs close to 110,000. Regardless of short-term stress, the broader development stays upward. Within the week forward, a dip towards the 102,000–104,000 help zone is feasible, adopted by one other try to interrupt above 110,000. A sustained breakout above the 115,000–115,600 space would strengthen the bullish development with a goal close to 127,500. A drop beneath 92,000 would cancel the upside situation and will take the worth all the way down to the 80,000–82,000 help space.
🛢 Brent
Brent crude completed Friday at $67.87 per barrel, exhibiting a weekly acquire of about 3% amid ongoing considerations over the state of affairs within the Center East. Within the coming days, a transfer towards the 71.00–71.50 resistance zone can’t be dominated out, probably adopted by a brand new decline towards 61.00–62.00. A breakout above 74.75 would alter the technical image, opening the best way to 82.00. A drop beneath 65.45 would affirm sellers’ management.
🪙 XAU/USD
Gold ended the week at 3,335, confirming its upward motion inside a gradual medium-term triangle sample. Patrons stay in management, with costs firmly holding above the important thing help at 3,240. A brief-term correction towards 3,240–3,295 could happen subsequent week, adopted by a breakout above 3,400 and presumably a rally towards 3,450. A drop beneath 3,115 would invalidate the bullish situation and will set off a deeper correction towards the two,950 space.
🔚 Conclusion
The forecast for the interval from July 7 to 11 suggests average optimism for the euro and gold, a risky however optimistic outlook for bitcoin, and continued stress on oil. Volatility is predicted to rise in response to new macroeconomic information, central financial institution commentary, and geopolitical developments. Merchants ought to carefully monitor key ranges and potential reversals throughout all main property.
