The EURUSD lost ground everyday last week after price reversed just below key resistace at 1.1050. If we get any strength this week (rally higher), we will look to sell, ideally on a price action confirmation signal on the 1 hour, 4 hour or daily chart time frame.
The USDJPY remained buoyant last week following the push higher last Monday and Tuesday. We remain bullish biased on this market whilst it's above 118.70 - 118.25 area and we can continue to look for buying opportunities on any weakness this week.
The spot Gold market is currently trading between support down near 1190.00 - 1200.00 and the key resistance level at 1220.00. Price will need to clear 1220.00 resistance to open the door for more significant gains, but if it can remain buoyant above the support at 1190.00 - 1200.00 this week, we could see that happen in the coming days. However, a failure to hold above 1190.00 would likely open the door for more losses.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The USDJPY remained buoyant last week following the push higher last Monday and Tuesday. We remain bullish biased on this market whilst it's above 118.70 - 118.25 area and we can continue to look for buying opportunities on any weakness this week.
The spot Gold market is currently trading between support down near 1190.00 - 1200.00 and the key resistance level at 1220.00. Price will need to clear 1220.00 resistance to open the door for more significant gains, but if it can remain buoyant above the support at 1190.00 - 1200.00 this week, we could see that happen in the coming days. However, a failure to hold above 1190.00 would likely open the door for more losses.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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