Daily gold bias
Clear bias for XAUUSD based on price action and key zones.
The Euro to Dollar (EUR/USD) exchange rate has weakened sharply this month, falling to around 1.1470 after trading above 1.16 earlier in June. UBS expects EUR/USD to remain under pressure in the short term, but continues to forecast a recovery towards 1.20 over the next year as structural headwinds for the US Dollar re-emerge.