Vladimir Mihaylov
Independent Analyst
EUR dropped below 1.3450 support and now consolidates inside the main support area between 1.3420 and 1.3450. It is expected the pair to test 1.3400. EUR is bearish on all time frames except Weekly and Monthly. The resistance area is 1.3445-1.3455 and if broken the target will be 1.3475-85. To the downside breaking of 1.3400 may lead to another drop to 1.3300.
GOLD bounced from the Senkous Span B price last week and currently continues recovery above 1294. At the moment of writing the price is blocked by the first resistance 1308, next one is 1316. Once above the last it will open the way to 1339.
NZD cannot find ground and continues free fall. This happens through the very end of the small daily negative Ichimoku cloud, and we may expect a recovery to 0.8640 in the days ahead. But now all indicators except Weekly and Monthly are bearish here. The main support is 0.8500.
AUD is trying to use negative daily cloud as support and protection against free fall state, but for now this is not giving much result. Dollar is stronger right now and doen't think of any pullback. However we have a support at 0.9375. Upside will be restored once above 0.9420
JPY lost also positions because of the extreme dollar strength. We are bullish here as the price is above 101.70. The target is 102.00 where is the SMA200, breaing above will be good for bulls here but i think it will be hard. Support is at 101.50.
GBP is also badly affected by the strong US dollar, the price is stucked to 1.6970 and is not able to recover the upside for several days. Breaking below 1.6970 may easily take the price below 1.6900 so be careful when entering LONG. You have to enter LONG only on a H4 close above 1.7000.
RUB's only hope is the daily Senkou Span B price of the daily Ichimoku, but it seems that price will be broken soon. Target is 35.50 and 35.80 after that. H4 time frame shows good support at 35.00-10 and bullish continuation.
For today:
LONG EUR above 1.3430 SL 1.3420 TP 1.3450-1.3475-1.3485-1.3510
SHORT EUR below 1.3420 SL 1.3430 TP 1.3400-1.3380-1.3355-1.3330-1.3310
LONG GOLD above 1308 SL 1305 TP 1315-1328-1336
SHORT GOLD below 1294 SL 1297 TP 1285-1278
Good luck!
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