Eurozone GDP: Tuesday, 10:00. The Covid pandemic has resulted in huge swings in the economy, with GDP readings of -12.1% and +12.6% in Q2 and Q3 of 2021, respectively. The economy is expected to level off in Q4, with an estimate of -0.7%.
EUR
Eurozone GDP
- EURUSD
As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2185. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2050 followed by 1.1948.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2360 ▪ 1.2285 ▪ 1.2185 |
▪ 1.2080 ▪ 1.2050 ▪ 1.1948 |
We are bearish as long as the pair is trading below the level of 1.2185. |
- GBPUSD
As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3960. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3772. On the other hand, if the level of 1.3960 is broken, we might go long to target the level of 1.4100 followed by 1.4150.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.3960 ▪ 1.3750 ▪ 1.3700 |
▪ 1.3570 ▪ 1.3540 ▪ 1.3520 |
We are bearish as long as the pair is trading below 1.3960 |
- GOLD
The chart above shows that the pair is trading above a strong support level that is 1810. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1765.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1910 ▪ 1900 ▪ 1810 |
▪ 1790 ▪ 1760 ▪ 1725 |
We are bearish as long as the pair is trading below 1810. |
- AUDUSD
The chart above shows that the pair is trading below a strong resistance level that is 0.7820. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7570.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.8000 ▪ 0.7900 ▪ 0.7820 |
▪ 0.7564 ▪ 0.7500 ▪ 0.7450 |
We are bearish as long as the pair is trading below the level of 0.7820. |
- GBPJPY
As could be seen on the chart above that the pair is trading above a strong support level that is 146.50. Therefore, we are bullish as long as the pair is trading above it. Our first is 148 followed by 149.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 147.00 ▪ 146.50 ▪ 146.00 |
▪ 146.50 ▪ 146.00 ▪ 145.25 |
We are bullish as long as the pair is trading above the level of 146.50. |
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