Market View: Monday, April 20, 2026
The US dollar edged higher on current war concerns; XAUUSD erased Friday gains of $4,900 toward $4,800 on Monday morning; EURUSD declined from 1.18500 to 1.17600; Bitcoin revived as the uncertainty over the Iran war stays vivid.
- The US dollar strengthens as the US-Iran tensions escalate.
- XAUUSD declined, falling below the $4,800 support.
- So does EURUSD, and here the logic is more straightforward.
- Bitcoin reached $78,000 by Friday night and is on its way up from the $73,750 local bottom.
FX snapshot
XAUUSD
Normally, in times of tension, gold finds support, but right now it seems to be losing out to the greenback.
EURUSD
The euro appears vulnerable against a strengthening dollar and the overall cautious tone.
BTC
Bitcoin faced a downward push, but no extension followed. Conversely, the crypto quickly cuts the losses in the meantime.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,750 | 4,830 | Consolidating |
| EURUSD | 1.17300 | 1.17700 | Consolidating |
| BTC | 74,000 | 75,500 | Consolidating |
Market sentiment
The broader backdrop feels tense as a cautious assessment of risk is taking place. Late Friday’s huge move hadn’t gained any follow-through as the uncertainty over the Gulf events elevated.
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