Currency Market Analysis - The US Dollar Index showed an upward trend, reaching a high of 98.296 and closing at 98.251, indicating potential for further gains if it stabilizes above 98.30 [1] - The analysis suggests that the price is currently consolidating between 98.10 and 98.30, with a focus on maintaining upward momentum [1] Gold Market Analysis - Gold prices experienced a decline, with a high of 3345.2 and a low of 3314.79, closing at 3315.46, reflecting a bearish sentiment [3] - The analysis indicates that the price is under pressure, with a focus on short positions as the market continues to show weakness [4] Euro and USD Pair Analysis - The EUR/USD pair also saw a downward trend, with prices ranging from a low of 1.1638 to a high of 1.1692, closing at 1.1646, suggesting further bearish pressure [6] - The analysis highlights that the price is currently facing resistance around 1.1650-60, with a focus on potential short positions targeting lower support levels [7] Economic Data and Events - Key economic data and events to watch include the release of various inflation metrics from Germany and the UK, as well as the US EIA crude oil inventory report, which could impact market sentiment [9]