EUR/USD technical analysis
This pair is still moving sideways between the resistance level at 1.1350 and its support level at 1.1166. We expect that if it tests the support level and breaks it, we may target 1.1000 levels, but if the resistance exceeds 1.1350 we may target 1.1450 / 1.15.
GBP/USD technical analysis
This pair retreated from the resistance level of 1.2500 and we expect to move toward a support level at 1.2430. If it exceeds the resistance barrier of 1.2500, we may target 1.2550; if this is broken, we may target 1.2650. We anticipate a support level of 1.2430 and if this is broken, we may target 1.2360.
USD/JPY technical analysis
This pair tested the resistance level of 108.00, but retreated from it to the 107.30 support level and succeeded in maintaining above this point. We expect it to target the 108.00 level again and then, if this is bypassed, we may target 108.50 - 109.00. If the support level of 107.30 is broken, we may target 106.70.
Gold technical analysis
Gold is still trading inside a bullish channel, and we expect that if it maintains the lower boundary and support at 1765, we may target 1790/1800 levels. If it breaks the support level of 1760, we expect the decline to continue to levels of 1750/1740.
Oil technical analysis
Oil retreated and broke the support barrier of $40.50, and it is currently testing 39.80 support, and if broken, we expect to target 39.00 levels, then 37.50. If it rises above its 40.50 resistance level, we may target 41.60 levels.
Dow Jones technical analysis
The Dow Jones is still trading above 24800 and inside the ascending channel so we expect it to continue rising to 27600/28000 levels. If the 24800 support is broken, the decline may continue to 23000 levels.
