Current level – 1.0892

The past session was not successful for the single European currency and it continued its depreciation against the U.S. dollar. The support at 1.0901 was tested by the bears and, at the time of writing, the price managed to hold below it. To be successful, the bulls must settle permanently above this level. Sentiment is negative and the downward movement is likely to continue until the second and third support at 1.0856 and 1.0806 are overcome.


Current level – 144.46

With the Ninja, nothing can stop the bulls’ rise. The currency pair is in an uptrend and the resistance formed at 143.95 was easily overcome. In this situation, a longer return of the bears to the market is unlikely, but small corrections should not be ruled out.


Current level – 1.2622

With the Cable, the bears dominated the market during the past session but have yet to test the support at 1.2594. To see a continuation of the downward movement, the bears need to direct the cross back to the support zones at 1.2594 and 1.2498. It is possible that the bulls will return to the market if they overcome the resistance at 1.2696 and 1.2765

Midday update for Gold

Gold prices crawls downwards calmly, to keep the bearish trend scenario valid for today, reminding you that our main waited target is located at 1873.50.

The bearish channel organizes the suggested bearish wave, which will remain valid conditioned by the price stability below 1913.15.

The expected trading range for today is between 1895.00 support and 1915.00 resistance.

The expected trend for today: Bearish

Source: Technical analysis

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