Market Scenario 1: Long positions above 0.7748 with target at 0.7775.
Market Scenario 2: Short positions below 0.7700 with target at 0.7673.
Comment: The pair jumped near 0.7730 level.
Supports and Resistances:
R3 0.7850
R2 0.7823
R1 0.7775
PP 0.7748
S1 0.7700
S2 0.7673
S3 0.7625
Market Scenario 1: Long positions above 139.23 with target at 139.93.
Market Scenario 2: Short positions below 139.23 with target at 138.56.
Comment: The pair weakened and now is facing support level 139.23 after Greek talks failed at Eurogroup meeting on Monday, while the latest comments from Goldman Sachs (NYSE:GS) added fuel to the downside.
Supports and Resistances:
R3 141.97
R2 141.30
R1 140.60
PP 139.93
S1 139.23
S2 138.56
S3 137.86
Market Scenario 1: Long positions above 1.1298 with target at 1.1353.
Market Scenario 2: Short positions below 1.1255 with target at 1.1200.
Comment: The pair trades lower ahead of the Eurozone’s manufacturing and services PMI data.
Supports and Resistances:
R3 1.1494
R2 1.1451
R1 1.1396
PP 1.1353
S1 1.1298
S2 1.1255
S3 1.1200
Market Scenario 1: Long positions above 195.12 with target at 195.64.
Market Scenario 2: Short positions below 195.12 with target at 194.68.
Comment: The pair trades at 195.25 level and consolidates recent gains in a sideways holding pattern.
Supports and Resistances:
R3 196.60
R2 196.08
R1 195.64
PP 195.12
S1 194.68
S2 194.16
S3 193.72
Market Scenario 1: Long positions above 1.5782 with target at 1.5845.
Market Scenario 2: Short positions below 1.5782 with target at 1.5740.
Comment: The pair made a small attempt to rebound, but fell again below 1.5800 level.
Supports and Resistances:
R3 1.5992
R2 1.5950
R1 1.5887
PP 1.5845
S1 1.5782
S2 1.5740
S3 1.5677
Market Scenario 1: Long positions above 123.66 with target at 123.97.
Market Scenario 2: Short positions below 123.66 with target at 123.11.
Comment: The pair advanced, but then stabilized by trading near resistance level 123.66.
Supports and Resistances:
R3 124.52
R2 123.97
R1 123.66
PP 123.11
S1 122.80
S2 122.25
S3 121.94
Market Scenario 1: Long positions above 1189.30 with target at 1196.90.
Market Scenario 2: Short positions below 1177.70 with target at 1170.10.
Comment: Gold prices trade neutral near 1183.50 level.
Supports and Resistances:
R3 1216.10
R2 1208.50
R1 1196.90
PP 1189.30
S1 1177.70
S2 1170.10
S3 1158.50
Market Scenario 1: Long positions above 60.05 with target at 60.84.
Market Scenario 2: Short positions below 60.05 with target at 59.48.
Comment: Crude oil prices fell after weak Chinese factory data.
Supports and Resistances:
R3 62.20
R2 61.41
R1 60.94
PP 60.05
S1 59.48
S2 58.69
S3 58.12
Market Scenario 1: Long positions above 53.639 with target at 54.308.
Market Scenario 2: Short positions below 53.639 with target at 52.562.
Comment: The pair stopped trading neutral and rose above 53.000 level.
Supports and Resistances:
R3 56.055
R2 54.308
R1 53.639
PP 52.562
S1 51.892
S2 50.815
S3 49.069
