Rosen's Daily

[rosentray]

Fundamentals are impacting EUR/USD today driving its price down today due to weakness in the European markets. Main support zone remains 1.1340, main resistance 1.1410.

 

[rosentray]

Gold saw a boost in price due to heavy pressure on major world indices. Europe and US markets are also weak today which resulted in traders and investors seeking shelter in Gold. The precious metal made a high of $1,237 and is now back into its short-term downtrend.

 

[rosentray]

The EUR/USD is trading at 1.1345 after making a high of 1.1437.9. The Euro seems poised to continue depreciating against the Dollar as first support zone is seen at 1.1320, while major support is 1.1240.

 

[rosentray]

GBP/JPY is trading at 155.70 going as low as 155.50. Price is yet to reach support as traders and investors have lost trust in the Sterling and might try to push prices down to first support zone at 154.60.

 

[rosentray]

The EUR/USD is slightly to not changed in today's session after reaching major resistance at level of 1.1450. Low volumes are a signal for a change in trend and if this is case also, then we should see 1.1250 next week.

 

[rosentray]

Gold experienced heavy buying today. The precious metal is up almost 2% or some $20. Currently, price has begun to falter at $1,242. If this resistance holds the active bulls then we might see a decline starting now.

 

[rosentray]

Slightly uplifted, the EUR/USD managed to climb above 1.1370. Lack of fresh news might drive prices down in tomorrow's session. First support zone remains 1.1320, second support zone is 1.1250.

 

[rosentray]

GBP/USD is about to end the day in red losing more than 100 pips. It is currently trading around 1.4050 and has again entered the downtrend channel seen on the daily chart. First support is current market price, second support is 1.3980. Major bear target 1.35.

 

[rosentray]

The EUR/USD is trading higher today but it still remains in the range it's been in for the past few days. Once we see a break above 1.1460 then we might conclude that the sideways movement is over and the pair will go further up. Currently the EUR/USD is trading at 1.1435.

 

[rosentray]

Gold is up with more than $16 in today's session due to weaker dollar. No major news are expected today so the precious metal might continue to rally and reach first resistance zone at $1,260. If this level is brokern then we might very well be headed for the psychological zone of $1,300.

 

[rosentray]

EUR/USD is trading lower today reaching 1.1434 and currently trading at 1.1425. Price appears to be trading sideways range bound between 1.1350 and 1.1450. Should we see a break above 1.1480 then we may consider that the EUR/USD is on its way North. Until then market sentiment remains bearish with first target 1.1310 and second target 1.1290.

 

[rosentray]

GBP/USD is trading higher today after making a triple bottom seen best on the H4 chart. Price reached 1.4050 for a third time and after a few days of sideways trading bulls reacted to this level and strong buying pushed prices to 1.4286. Long-term market sentiment remains bearish with first resistance at 1.44.

 

[rosentray]

EUR/USD is trading lower today due to technicals impacting price movement. The pair reached resistance a few days ago going to 1.1470 and then took it down 1.1295. Currently, the EUR/USD is trading at 1.1304 with first support at 1.1270 and first resistance at 1.1450.

 

[rosentray]

Gold is trading lower today after it reached a high of $1,263 and then succumbed to a low of $1,240. Currently, the precious metal is trading at $1,250. Main short-term support is $1,230, main short-term resistance is $1,269.

 

[rosentray]

The EUR/USD reached 1.1233 in today's trading session and is currently trading at 1.1258. 1.1260 is support now and price might attempt to climb above this level and possibly close the week above 1.13.

 

[rosentray]

Gold lost close to $20 in today's trading session due to major technical resistance at the level of $1,263. Price found initial support at $1,230 and climbed to higher than open price only to fall short and bring it back down below $1,230. Currently, Gold is trading at $1,225 and a move up is expected.

 

[rosentray]

The EUR/USD is trading relatively unchanged since yesterday's close as it seems to have been caught in a range between 1.1280 and 1.1240. A move to the upside might be expected as price is resting on a short-term support zone.

 

[rosentray]

Gold is trading at $1,229 which falls below the short-term bull channel. With price out of the bull protection, bears might attempt to take it further down to possible levels around $1,200.

 

[rosentray]

The EUR/USD is trading higher today after technicals influenced the market participants. The pair reached 1.1274 in today's session and is now trading slightly above 1.13. Currently, price is resting on support level and bulls may try to push prices above 1.14.

 

[rosentray]

Gold made a low of $1,230 in today's session and is now trading at $1,237-$1,238. A move up could be expected that would drive prices to a possible level of $1,260 again. If this level is broken then we might see an attempt for $1,300.