Energies
The Euro continues to decline against the US dollar with a clear downtrend despite a short bullish correction seen on the hourly chart. The pair witnessed a sharp decline in yesterday’s trading following solid fundamentals that supported the US dollar.
Price is now trading below the 30-period moving average, but trying to test it from below. The 5 and 10 moving averages are nearing crossing upwards, signaling a short-term bullish attempt.
RSI is rising from oversold levels, currently near neutral levels. This shows the bearish momentum is weakening but not yet bullish.
Key Levels to watch in today’s session are:
- Support: 1.1065 (represents recent low)
- Resistance: 1.1130 and 1.1180 (price may retest these levels if upward correction continues)
Sellers remains in control, but we’re seeing a corrective pullback. If price fails to break above the 30 moving average, this will give an indication for more declines.
EURUSD 1H Chart
| Resistance | 1.1134 | 1.1194 | 1.1243 |
| Support | 1.1065 | 1.1018 | 1.0964 |
Gold (XAUUSD) 1H Chart
Gold has been declining noticeably since last week, but a bullish bounce might be in progress.
Short term moving averages are crossing upward, and price is approaching the 30 moving average. Momentum is improving.
RSI i rising sharply, now near 55 — suggests bullish strength is returning after hitting 3209.
Key Levels to watch in today’s session are:
- Support: 3209
- Resistance: 3280 and 3310
Short-term bullish correction within a larger bearish move. A break above 3280 and sustained move above 30 moving average could open the door to 3310–3330 zone.
| Resistance | $3,277 | $3,295 | $3,320 |
| Support | $3,215 | $3,207 | $3,192 |
USDJPY is still bullish but, currently moving in a consolidation phase due to the price correction. Price is just at the 30-period moving average. The 5 and 10 are sloping downward, hinting at a ossible short-term correction .
RSI (14) is dropping, currently around 50 — showing cooling off after a strong bullish move.
Key Levels to watch in today’s session are:
- Support: 147.50 and 146.90
- Resistance: 148.60
The pair is still bullish overall, but likely in a short-term retracement at the time being. Watch for a bounce near 147.50–147.70 to confirm trend continuation upward.
USDJPY 1H Chart
| Resistance | 148.65 | 149.13 | 149.90 |
| Support | 147.19 | 146.45 | 146.19 |
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