Vladimir Mihaylov
Independent Analyst
Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely strong, but some currencies are dollar resistant and we will see this below.
GOLD shows no change it is between the support 1282 and the resistance 1286, despite the test of 1270 it remains in range and consolidating. You may sell below 1280 with 3 USD SL.
NZD is below the negatve cloud on Daily and the strength disappears ahead of 0.8400, so i expect another swing to 0.8400 and drop to 0.8300 if we have a fail at 0.8400. Sell there with SL no more than 15 pips.
AUD uses the old good support at 0.9300-10 to start a recovery to 0.9350, we need to break this and to close above the day to continue the upside, otherwise another drop may follow. For now we are bullish above 0.9310 SL 0.9300 TP 0.9360-0.9400
JPY continues to loose price again and the pair formed a 'flag' on Weekly and Daily. The pair is bullish above 103.90-104.00, below that exit LONG. next target is 105.20
GBP shows resistance against growing dollar strength, here no major change of the price can be seen for several days.1.6530 is a good support and the price now is trying to break the 1.6610 resistance. If this happens the recovery will continue to 1.6690-1.6760. and if we fail, the price may return back to 1.6530 support.
RUB has reach almost 37.30 this morning with some high volatility by the time of writing, but the pair is still bullish above 37.00. i can't say where the next high will be as these are the highest levels recorded ever on my platform.
For today:
LONG EUR above 1.3122 SL 1.3110 TP 1.3140-1.3170-1.3190-1.3220-1.3250
SHORT EUR below 1.3140 SL 1.3150 TP 1.3110-1.3090-1.3066-1.3030-1.3000
LONG GOLD above 1282 SL 1279 TP 1292-1296-1302-1308-1316
SHORT GOLD below 1278 SL 1282 TP 1270-1266-1254
Good luck!
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