The EUR/USD pair still holds a bullish tone. The spot found a good support at 1.1400 and spent the first part of the day around the mark. Sellers regained control in the mid-European session and pushed the pair lower. The resistance is at 1.1400, the support comes in at 1.1350.
We are still bullish awaiting for another leg higher towards 1.1450.
After a sharp drop on Friday the pound quotes recovered some losses during the night trades. The spot reached 1.2900 which did not let it further. The pair bounced off the level heading to the fresh lows. The resistance lies at 1.2900, the support comes in at 1.2800.
The pair has the potential to post more losses now. The first sellers' target is 1.2840. The second one is at 1.2800.
USD/JPY is still in an upward channel. Buyers managed to break 114.00 in the night. After breaking the level the pair slightly moved back. The resistance lies at 115.00, the support comes in at 114.00.
A pullback or consolidation is expected in the market in the near term. The price may decline to 113.50. However, it is "a buy only" market now. We expect the pair continue its growth soon.
The bearish scenario prevails on Monday. Sellers broke 1210 in the late Asian session and kept pushing gold prices lower after that. The spot reached 1204 by noon. The resistance exists at 1210, the support stands at 1200 dollars per ounce.
The break below 1210 opened the way to the round level 1200 dollars per ounce.
Brent started the day above 46.50. The benchmark spent the night around the mark and moved downwards in the morning. Sellers drove oil quotes to 46.50 by noon. Oil prices continued declining after that and reached 46.00 ahead of the NY opening. The resistance lies at 46.50, the support lies in at 45.50 dollars per barrel.
A close below 46.50 will trigger losses towards 45.50 dollars per barrel.
Read the full review on our site:
Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus […]
Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good […]