EUR/USD testing supply near 10-DMA, US data eyed
The recovery in the EUR/USD pair remains intact in the European session, with the major now flirting with daily highs above 1.09 handle.Currently, EUR/USD trades +0.09% higher at 1.0918, testing session tops reached at 1.0920 earlier on the day. The main currency pair?s steady recovery mode appears to have gained traction as the greenback meanders near lows against its major peers.Moreover, the major also finds support from negative sentiment on the European equities, which underpins the funding currency status of the euro. Focus now shifts towards a fresh batch of US economic releases due on the cards later in the NA session, while the main risk event for the major this week remains the US Q3 advance GDP numbers due out Friday.In terms of technicals, the pair finds the immediate resistance 1.0924 (10-DMA). A break beyond the last, doors will open for a test of 1.0947 (Oct 27 high) and from there to 1.1000 (key resistance). On the flip side, the immediate support is placed at 1.0850 (psychological levels) below which 1.0820 (March lows) and 1.0800 (round figure) could be tested.

GBP/USD tests 1.2270 post-GDP
Fresh buying pressure around the British Pound has boosted GBP/USD to fresh highs in the vicinity of 1.2270 on Thursday.Spot clinches fresh daily highs after UK?s GDP figures showed the economy is expected to expand more than initially estimated during the third quarter, 0.5% QoQ and 2.3% on a yearly basis vs. 0.3% and 2.1% forecasted, respectively.The pair has quickly advanced to multi-day tops around 1.2270 in the wake of the releases, although it returned to the negative territory soon afterwards.Additionally, Chancellor P.Hammond said the economy is showing signs of resilience while he emphasized the country will enter renegotiations with the EU on a strong position.As of writing the pair is losing 0.02% at 1.2243 facing the immediate support at 1.2086 (low Oct.11) followed by 1.1450 (low post-?flash crash? Oct.7). On the other hand, a break above 1.2327 (high Oct.18) would expose 1.2377 (high Oct.11) and finally 1.2382 (20-day sma).

EUR/GBP muted around 0.8900 handle after UK GDP
Having posted a session high at 0.8940 level, the EUR/GBP cross erased all of its tepid gains and turned lower following the release of UK Q3 GDP print.Currently trading around 0.8910 region, the cross came under some selling pressure, albeit remained within familiar trading range, after UK GDP showed better-than-expected growth during the third-quarter of 2016. UK economy posted a growth of 0.5% on a quarterly basis and surpassed consensus estimates pointing to a growth of 0.3%. The yearly growth came-in at 2.3% as compared to 2.1% expected and also recorded in the previous quarter. Better-than-expected growth figure triggered a fresh bout of short-covering and lifted the British Pound across the board. The EUR/GBP cross, however, has failed to gain traction from upbeat GDP print and remained confined within near-term trading range amid steady recovery witnessed around the EUR/USD major. From current levels, 0.8885 (weekly low) is likely to act as immediate support below which the cross is likely to extend its corrective slide immediately towards 0.8840 region en-route its next major support near 0.8800 handle. On the flip side, bullish momentum above session peak resistance near 0.8940 is likely to get extended towards weekly high resistance near 0.8980, which if cleared is likely to lift the cross beyond 0.9000 psychological mark towards its next major resistance near 0.9020-25 area.

GBP/JPY fades UK GDP-led bullish spike to 128.40
Following the release of better-than-expected UK GDP print, the GBP/JPY cross caught fresh bids and jumped back above 128.00 handle to test its highest level since Oct. 10.UK growth numbers released on Thursday came-in higher than consensus expectations to show a quarterly growth of 0.5% during the third quarter of 2016 but was down from 0.7% recorded in the previous quarter. Meanwhile, the annualized rate also recorded stronger growth at 2.3% as compared to consensus forecast and previous reading of 2.1%.Stronger-than-expected UK GDP print lifted the British Pound across the board, lifting the GBP/JPY cross to test 20-day SMA for the first time since mid-September. The optimism, however, seemed short-lived and the cross quickly retraced around 40-pips from session peak level of 128.40 as investors remained worried over possibilities of 'hard Brexit', which has been undermining sterling since the early part of this month.Meanwhile, persistent weakness in European equity market also seems to boost the Japanese Yen's safe-haven appeal and might have contributed towards restricting upbeat GDP-led appreciating move for the GBP/JPY cross.From current levels, 20-day SMA near 128.25-30 region remains immediate strong hurdle, which if conquered is likely to help the cross to stage additional recovery, even beyond 129.00 handle, towards its next major resistance near 129.50 region.On the downside, 127.50 (session low) should protect immediate downslide, which if broken is likely to accelerate the slide to sub-127.00 support (near 126.85 area) ahead of 126.50 strong horizontal support.

EUR/CHF sees its volatility dampen
EUR/CHF is climbing the charts consistently while exhibiting a very low volatility.EUR/CHF currently trading well above the 50-EMA, radiates its bullish condition. But at the same time, as outlined from an hourly perspective, it has shrunk its intraday volatility to a minimum not seen for over a week of trading.There is potential for extra pips to be offered to traders in the basket of the bull, but attention should be paid to the parabolic SAR indicator: the SAR has been trailing the ascent move for more than 16 consecutive hours and could reverse direction at any moment, offering a signal to liquidate longs.This technical condition is usually associated with the formation of gently upward sloping channels.

Gold extends range-bound action around 200-DMA
Gold held steady with marginal gains and extended the recent consolidative phase around the very important 200-day SMA.Currently trading around $1269 level, the prevalent risk-off sentiment is boosting the precious metal's safe-haven appeal and assisting to reverse part of Wednesday's retracement from three-week highs. After dropping to multi-month lows during early part of October, the yellow metal has been consolidating around 200-day SMA and struggled for a firm direction as investors awaited for further clarity over the timing of next rate-hike action by the US Federal Reserve and US presidential election next month.In the meantime, macroeconomic releases from the US might provide short-term trading opportunities for bullion traders. US economic docket features the release of monthly durable goods orders on Thursday, while the quarterly GDP print for Q3 2016 is slated for release on Friday.From current levels, 200-day SMA near $1270 region might act as immediate hurdle above which the metal is likely to aim back towards multi-week highs resistance near $1275-76 region. On the flip side, $1264 is likely to protect immediate downside, which if broken could drag the immediately towards $1250 strong horizontal support.

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