Daily Technical Analysis


  • EUR/USD 


Current level - 1.2561

Forex Technical Analysis on EUR/USD

The break through 1.2720 support confirmed a reversal at 1.2770 and the severe sell-off reached a local low at 1.2553. My outlook here is already counter-trend, for a break through 1.2612 intraday resistance, en route to 1.2720 area. Crucial on the downside is 1.2500.

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USD/JPY recovers above 156.00 following suspected intervention

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Gold holds steady above $2,330 to start the week

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Higher inflation is set to push Fed Chair Powell and his colleagues to a hawkish decision. Nonfarm Payrolls are set to rock markets, but the ISM Services PMI released immediately afterward could steal the show.

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