EUR/USD:
Our preference: Bullish setups on a pull-back move to within 1.3680 - 1.3720 with targets @ 1.3747 & 1.3769 in extension.
Alternative scenario: Below 1.3680, watch for bearish setups with 1.3654 as target and 1.3630 in extension.
Comment: EUR/USD currently is in an upward trajectory. Note that hourly stochastic and RSI are overbought.
GBP/USD:
Our preference: Bullish setups within 1.6365 - 1.6405 with targets @ 1.6447 & 1.6478 in extension.
Alternative scenario: Below 1.6365, watch for bearish setups with 1.6346 as target and 1.6315 in extension.
Comment: GBP/USD currently is in an upward trajectory. Note that hourly stochastic and RSI are overbought.
GOLD:
Our preference: Bullish setups on a pull-back move to within 1201.25 - 1208.85 with targets @ 125.79 & 1221.28 in extension.
Alternative scenario: Below 1201.25, watch for bearish setups with 1198.00 as target and 1192.51 in extension.
Comment: Gold price is pushing higher. 20 MA has crossed above 50 MA on hourly chart. Note that hourly stochastic and RSI are overbought.
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