Technical Analysis:
EUR/USD:
Our preference: Bearish setups within 1.3670 - 1.3710 with targets @ 1.3625 &1.3581 in extension.
Alternative scenario: Above 1.3710, watch for bullish setups with 1.3767 as target and 1.3812 in extension.
Comment: EUR/USD has pulled back into the confluence zone. Note that 20 MA has crossed above 50 MA on hourly chart
GBP/USD:
Our preference: Bullish setups within 1.6320 - 1.6380 with targets @ 1.6420 & 1.6484 in extension.
Alternative scenario: Below 1.6320, watch for bearish setups with 1.6279 as target and 1.6215 in extension.
Comment: GBP/USD remains in consolidation mode. Note that hourly stochastic has crossed down.
GOLD:
Our preference: Bearish setups within 1200.95 - 1215.30 with targets @ 1196.35 & 1187.04 in extension.
Alternative scenario: Above 1215.30, watch for bullish setups with 1226.49 as target and 1234.95 in extension.
Comment: Gold price has pulled back into the confluence zone. Note that hourly stochastic has crossed up.
EUR/USD:
Our preference: Bearish setups within 1.3670 - 1.3710 with targets @ 1.3625 &1.3581 in extension.
Alternative scenario: Above 1.3710, watch for bullish setups with 1.3767 as target and 1.3812 in extension.
Comment: EUR/USD has pulled back into the confluence zone. Note that 20 MA has crossed above 50 MA on hourly chart
GBP/USD:
Our preference: Bullish setups within 1.6320 - 1.6380 with targets @ 1.6420 & 1.6484 in extension.
Alternative scenario: Below 1.6320, watch for bearish setups with 1.6279 as target and 1.6215 in extension.
Comment: GBP/USD remains in consolidation mode. Note that hourly stochastic has crossed down.
GOLD:
Our preference: Bearish setups within 1200.95 - 1215.30 with targets @ 1196.35 & 1187.04 in extension.
Alternative scenario: Above 1215.30, watch for bullish setups with 1226.49 as target and 1234.95 in extension.
Comment: Gold price has pulled back into the confluence zone. Note that hourly stochastic has crossed up.
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