U.S. Inflation: Tuesday, 12:30. The figures for April will likely show inflation remains at low levels. The headline reading is expected at -0.7%, while the core monthly estimate stands at -0.2%.
USD
U.S. Inflation
- EURUSD
The chart above shows that the pair is trading below a strong resistance level that is 1.0875. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.0800.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.0950 ▪ 1.0900 ▪ 1.0875 |
▪ 1.0800 ▪ 1.0730 ▪ 1.0700 |
We are bearish as long as the pair is trading below the level of 1.0875. |
- GBPUSD
As could be seen on the chart above that the pair is about breaching a strong support level that is 1.2260. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2180.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2450 ▪ 1.2430 ▪ 1.2400 |
▪ 1.2261 ▪ 1.2180 ▪ 1.2120 |
Waiting for the pair to confirm its next movement. |
- GOLD
As could be seen on the chart above that the pair is trading above a strong support level that is 1690. 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 ▪ 1420 ▪ 1710 |
▪ 1690 ▪ 1680 ▪ 1670 |
We are bullish as long as the pair is trading above the level of 1690. |
- AUDUSD
As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.6600. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.6375 followed by 0.6320.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.6700 ▪ 0.6650 ▪ 0.6600 |
▪ 0.6375 ▪ 0.6320 ▪ 0.6300 |
We are bearish as long as the pair is trading below the level of 0.66. |
- GBPJPY
As could be seen on the chart above that the pair is trading below a strong resistance level that is 133.30. Therefore, we are bearish as long as the pair is trading below it. Our first target is 129.50
| Resistance levels: | Support levels: | Recommended: |
| ▪ 133.00 ▪ 132.30 ▪ 132.00 |
▪ 129.00 ▪ 128.50 ▪ 128.00 |
We are bearish as long as the pair is traded below the level of 133.30 |
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