Vladimir Mihaylov
Independent Analyst
EUR continues to move to the upside and today it has the perfect chance to test the 1.3965 area. Breaking above is not impossible but i think if any it will be short lived and the price will return back to 1.3900 or a little below. We have the support at 1.3870 and breaking below will look for support around 1.3810. You may try LONG above 1.3890 and SHORT below 1.3965.
GOLD is moving along the Daily Senkou Span A price and is trying to break above the resistance 1320, next upside target will be 1334, and finally 1354. Support comes at 1316 followed by the 1298. Below the last downside pressure over the metal will be increased.
NZD is trying to stay above the 0.8645 support after yesterday's frofit taking. If this 0.8645 fails the pair will look for another support at 0.8600, finally 0.8515 follows.
AUD has tested the 0.9360 support too and is currently trading just above it. If we have a H4 downside break of 0.9360 the price may quickly drop to 0.9300-10 support area and from there to start a new upside move. H4 and H1 indicators show that the pair is in a downside correction, while Daily ones are still bullish.
JPY has made some pullback and allowed the USD to get some fresh air as the 101.20 support bounced the price back to the upside again as expected. I expect here a consolidation in the range 101.20-101.90 for today.
GBP has made a 50 pips pullback after yesterday's top at 1.6820 and as the price seems to go to the downside it is good to keep in mind that the upside move isn't over yet. Upside will be easily restored above 1.6790. Main support is 1.6740, below that the pair will test the 1.6670 support area.
For today:
LONG EUR above 1.3890 SL 1.3875 TP 1.3925-1.3950-1.3965-1.3985
SHORT EUR below 1.3950 SL 1.3965 TP 1.3890-1.3850-1.3820
LONG GOLD above 1318 SL 1315 TP 1322-1328-1332-1342
SHORT GOLD below 1310 SL 1313 TP 1302-1299
Good luck!
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