EUR/USD, XAU/USD, BTC/USD: Key Technical Levels This Week

EUR/USD is testing crucial resistance at 1.1100 as technical indicators signal potential breakout momentum building. The pair has gained 0.5% over the past week, supported by dollar weakness and improving Eurozone economic sentiment. Gold (XAU/USD) continues its impressive rally, surging 2.1% to $2,520 per ounce, driven by Fed rate cut expectations and geopolitical uncertainties. The precious metal faces immediate resistance at $2,530, with strong support established at $2,485. Bitcoin (BTC/USD) shows consolidation around $58,000, recovering from recent lows but facing resistance at the psychological $60,000 level. The Dollar Index (DXY) has weakened to 101.20, breaking below the 50-day moving average. Technical analysis suggests EUR/USD could target 1.1150 if current resistance breaks, while failure might see a retreat to 1.1050 support. Traders should watch for confirmation signals as these key levels approach.