GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Levels to trade EUR/USD
Information is not investment advice
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance. On the D1, we see formation of lower highs this month. An attempt to get above the 50-day MA (1.1095) on Tuesday has failed. As a result, the pressure on the support at 1.1065 (100-day MA, 2019 support line) will intensify. The meeting of the European Central Bank this week may provide a market moving force.
The decline below 1.1060 will open the way down to 1.1040 and 1.1000. On the other hand, if the trend line support holds, a return above 1.11 may lead to a recovery to 1.1130. There, however, the 2020 resistance line and the 200-day MA should limit further growth.
Elizabeth Belugina
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GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Levels to trade USD/MXN
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
GBP/USD tests the downside
GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.
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