The pair rose today to 1.2344 and approached the upper bound of the ascending channel at 1.2380, which represents the target of the pair and a resistance area. If the price failed to surpass this level, the pair will retreat to test the 1.2240 support.
If the resistance exceeds 1.2380, the pair may continue rising to 1.2450.
The pair is moving between the boundaries of a bullish channel on the 4 hour chart.
The upper bound of it and the resistance of the pair at 1.3730 is likely, in the event that it fails to overcome it, to correct the support level 1.3530, which by breaking it, the pair will likely continue its decline to 1.3400 - 1.3330.
The pair is moving in a downward channel, and the price is now trading at its lower boundary of 102.60, and it is possible that the price will rebound from it, targeting 103.70 / 104.00.
Support levels for the pair 102.30 - 101.20
The pair was unable to surpass 0.8920 resistance and retreated from it. It is breaking the support at 0.8820, and the decline may continue to 0.8700.
If the pair succeeds in overcoming the resistance 0.8920, we will likely target 0.8985.
The pair is trying to stable above 1.2680, and it is possible that the price will remain stable above this level, and the pair will try to test the levels of 1.2950 / 1.30.
But if it falls below 1.2680, the price may continue fell to 1.2525.
A strong bullish trend for the pair, and it is possible to overcome the resistance 0.7750 targeting 0.7820 then 0.7900.
Support levels for the pair in the case of a correction 0.7670 - 0.7630.
Gold is still recording new highs since the beginning of the year’s sessions, as its highest price today is at $ 1959 levels, and it is possible that it will continue its rise to test the resistance level at 1965.50.
Support levels are 1930-1900.
Silver rose near the resistance at 27.40 and is trading near it now, and it is likely to surpass this resistance, targeting 28.90 then $ 29.80.
But if the price failed in surpassing the resistance at 27.40, it is expected that it will retreat to test the uptrend line at 26.00 levels, and the correction may extend to test $ 25.00 levels.
Oil tried to surpass the last peak it recorded at 49.40 and settle above it, but it failed and fell below it again.
Oil is likely to decline and test the support 46.00, and if broken, it might target the next support at $ 44.00. If oil succeeds in surpassing $ 50.00 resistance, it will likely target the level of $ 52.50.
The Dow Jones is moving in sideways move to the upside, and it is possible that the index will continue its rise, targeting the levels of 31000-31500 points.
However, all of this is conditional on maintaining the index at 29400, which in case it stabilized below this level, it is likely to decline to support 28900-28000.
The DAX moved in sideways channel between 13600 and 13900 level, and it is possible that, by surpassing its top, the index will target 14500-15000.
Support levels for the index are 13600/13000.