EUR/USD technical analysis
This pair succeeded in rebounding yesterday from the support level at 1.1240 and was close to reaching a top of 1.1385, which we expect to break through to target the level at 1.1500. If this doesn’t happen, it may retreat to test 1.1240 support, and then targeting 1.1150.
GBP/USD technical analysis
This pair succeeded in retreating from the resistance level of 1.2730, and if it stabilizes above it, we expect to target 1.2850 levels. If the price falls below the level of 1.2730, we expect the pair to fall to the level of 1.2640, then 1.2500.
USD/JPY technical analysis
The pair fell below the 108.00 levels and succeeded in achieving the 107.30 target that we mentioned yesterday. Our expectation is that the price will trade between 107.30 support and 108.00 resistance.
On the upside above 108.00, we may see it retest 108.40 - 109.00, and by breaking the support of 107.30, we may target 106.70.
Gold technical analysis
Gold succeeded in rising above the $1700 resistance level and we expect it to rise to 1730 levels. If it succeeds in surpassing it, we may target $1745 levels. Support levels of 1700, which are broken, we target 1670.
Oil technical analysis
Oil is still trading above $36.50 support, so it is expected to test it at a resistance of $40.50. If it falls below the $36.50 level, we may target $34.75.
Dow Jones technical analysis
The Dow Jones successfully achieved our expected target of 27000 points and then exceeded it. Our expectation, if is stable above this level, is that it may target the 28500-28800 levels. As for the decline from the current level below the 27000 level, it may continue to fall 25,800 points as a support level.