EUR/USD
The Eurodollar is stabilizing this morning after the pair rose on the news of inflation data and the interest rate decision and is trading at $ 1.0808 by 0.94% from a technical point of view: It rose from the second support area up to the pivot point and has covered the last gap and is currently testing the first support area Stabilizing above these levels opens the way to return to the pivot point in the first stage and then the resistance area, and the alternative scenario is to fall by targeting the second support area
Upcoming news that may affect the movement of the euro dollar:
- Unemployment rates 16:30
- PPI 16:30
Second resistance area
1.09256 – 1.09378
First resistance area
1.08700 – 1.08843
fulcrum
1.08372
First support area
1.08017-1.0795
Second support area
1.07486 – 1.07422
GBP/USD
The British pound is falling against the US dollar this morning after yesterday’s decline and breaking the uptrend and is currently trading at 1.2784 levels and from a technical point of view: The British pound has broken the uptrend and is testing the resistance zone from possible scenarios: The pair rose on the news and reached the resistance zone on the four-hour time frame, and we may see a retest of the area, and the alternative scenario is downward, targeting the levels of 1.26832
Upcoming news that could affect the movement of the British pound:
- Unemployment rates 16:30
- Producer Price Index 16:30
Second resistance area
1.25423 – 1.25282
First resistance area
1.24750 – 1.24554
fulcrum
1.23827
First support area
1.23093 – 1.22931
Second support area
1.22089 – 1.21847
USD/JPY
The dollar is rising in the Asian session this morning and is currently trading at 157.205 levels, technically speaking: The dollar rose from the first resistance area to the second resistance area in an attempt to target the levels of 157.873, and the possible scenarios include reaching the levels of 157.873 and 158.034, and the alternative scenario is to fall by targeting the first resistance levels
Upcoming news that may affect the movement of the dollar/yen:
- Unemployment rates 16:30
- Producer Price Index 16:30
Second resistance area
156.341 – 156.260
First resistance area
155.406 – 155.343
fulcrum
154.394
First support area
152.846 – 155.741
Second support area
151.681 – 151.639
AUD/USD
The Aussie fell against the US dollar last week and rose yesterday on economic news and fell this morning by 0.20% and is currently trading at 0.6650 and technically: The prices rose and reached the third resistance zone, and the possible scenarios are the continuation of the decline by targeting the second resistance zone, and the alternative scenario is the retest of the third resistance zone
News that may affect the movement of the Australian dollar against the US dollar:
- Unemployment rates 16:30
- Producer Price Index 16:30
Second resistance area
0.66143 – 0.66231
First resistance area
0.65663 – 0.65783
fulcrum
0.65217
First support area
0.64541 – 0.64633
Second support area
0.60219 – 0.59604
USOIL
Oil prices rose yesterday and this morning oil is down 0.09% and is currently trading at $78.12 per barrel. Technically, after the prices stabilized the first support area, they rose and reached the pivot point at 77.47, and the possible scenarios are for prices to rise by targeting the first resistance area as a retest, and the alternative scenario is to fall by targeting the first support area as a retest
Upcoming news may affect the movement of oil:
Second resistance area
81.71 – 82.00
First resistance area
79.08 – 79.38
fulcrum
77.47
First support area
75.20 – 75.67
Second support area
73.13 – 73.62
XAU/USD
The euro is down this morning and is trading at $1.0843, down 0.12% technically: The euro from the pivot area at 1.08372 and reaches the first resistance area and fails to break the area and then draws the price rebound from the levels of the pivot area and targets the pivot area and then the first support area and the alternative scenario and then goes to the second resistance area.
Upcoming news that could affect gold:
- Unemployment rates 16:30
- Producer Price Index 16:30
