The euro keeps the upbeat tone unchanged vs. its American peer on Tuesday. Buyers reached 1.1850 and took a pause to gather more steam. The resistance resides at 1.1850, the support comes in at 1.1800.
EUR/USD remains inside a wide bullish channel and above the main moving averages which are all pointing higher. In light of this we believe the spot will continue its upbeat trajectory aiming at 1.1900 now.
The buying interest persists in the market. The pound tested 1.3200 and stopped. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes in at 1.3200.
If the major succeeds and fixes above 1.3200 the market may start a new rally towards 1.3300.
The Monday’s recovery stalled at 110.76. The USD/JPY pair turned around after that. Sellers dragged the price lower and drove it to 110.00. All technical indicators are negative supporting short orders. The resistance lies at 111.00, the support comes in at 110.00.
The pair has the potential to post more losses now. A move below 110.00 would revive bearishness towards 109.00.
The upward structure remained unchanged on Tuesday. Buyers keep struggling with the level 1270 trying to break above. The resistance exists at 1270, the support stands at 1260 dollars per ounce.
All eyes are right now at the hurdle 1270. A cut through here will turn attention to the 1280 level.
Bulls finally reclaimed 52.50 and are trying to consolidate above it now. The price reached 52.83 and stopped. Sellers drove the price downwards in the second part of the day. The resistance lies at 52.50, the support lies in at 51.50 dollars per barrel.
Brent's momentum is still positive. We believe buyers will retake the level any way. Once we break above the 52.50 level, we think that the 53.50 level will be next.
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