Eurozone Revised GDP: Tuesday, 9:00. GDP declined by 3.8 percent in Q1, as the eurozone has buckled under the economic meltdown due to Covid-19. The third read is expected to confirm this figure.
US Jolts Job Openings: Tuesday, 14:00. After surprisingly strong job numbers last week, investors will be hoping that the job openings indicator also rebounds. The indicator slowed in April to 6.18 million, down from 6.88 million beforehand.
EUR
Eurozone Revised GDP
USD
US Jolts Job Openings
- EURUSD
The chart above shows that the pair is trading below a strong resistance level that is 1.1377. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1300 followed by 1.1250.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.1400 ▪ 1.1377 ▪ 1.1350 |
▪ 1.1300 ▪ 1.1280 ▪ 1.1240 |
We are bearish as long as the pair is trading below the level of 1.1377. |
- GBPUSD
As could be seen on the chart above that the pair is trading above a strong support level 1.2644. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2800. On the other hand, if the level of 1.2644 is broken, we can go short targeting the level of 1.2600
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2850 ▪ 1.2800 ▪ 1.2750 |
▪ 1.2644 ▪ 1.2600 ▪ 1.2580 |
We are bullish as long as the pair is trading above the level of 1.2644. |
- GOLD
As could be seen on the chart above that the pair is trading above a strong support level that is 1700. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1720 followed by 1740.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1740 ▪ 1730 ▪ 1720 |
▪ 1700 ▪ 1690 ▪ 1670 |
We are bullish as long as the pair is trading above the level of 1700. |
- AUDUSD
As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.6850 followed by 0.6830
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7500 ▪ 0.7300 ▪ 0.7000 |
▪ 0.6880 ▪ 0.6820 ▪ 0.6800 |
We are bearish as long as the pair is trading below the level of 0.7000 |
- GBPJPY
As could be seen on the chart above that the pair is trading below a strong resistance level that 137.40. Therefore, we are bearish as long as the pair is trading below it. Our first target is 135.00 followed by 134.25.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 138.00 ▪ 137.40 ▪ 137.20 |
▪ 135.00 ▪ 134.25 ▪ 134.00 |
We are bearish as long as the pair is traded below the level of 137.40. |
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