EUR/USD Advance Higher, Oil Prices Rise

AUD/USD

Market Scenario 1: Long positions above 0.7766 with target at 0.7807.

Market Scenario 2: Short positions below 0.7766 with target at 0.7694.

Comment: The pair is expected to fall lower towards the 0.7000 level as RBA maybe ease further, according to analysts.

Supports and Resistances:

R3 0.7920

R2 0.7879

R1 0.7807

PP 0.7766

S1 0.7694

S2 0.7653

S3 0.7581

AUD/USD Chart

EUR/JPY

Market Scenario 1: Long positions above 134.55 with target at 135.23.

Market Scenario 2: Short positions below 133.82 with target at 133.14.

Comment: The pair advanced again and maybe will take the challenge to break the resistance level 134.55.

Supports and Resistances:

R3 135.96

R2 135.23

R1 134.55

PP 133.82

S1 133.14

S2 132.41

S3 131.73

EUR/JPY Chart

EUR/USD

Market Scenario 1: Long positions above 1.0948 with target at 1.1023.

Market Scenario 2: Short positions below 1.0905 with target at 1.0830.

Comment: The pair advanced higher to 1.0920 as fresh bids came-in around 1.0905 on the back of a better-than-expected German consumer confidence data for June released today.

Supports and Resistances:

R3 1.1066

R2 1.1023

R1 1.0948

PP 1.0905

S1 1.0830

S2 1.0787

S3 1.0712

EUR/USD Chart

GBP/JPY

Market Scenario 1: Long positions above 190.06 with target at 190.75.

Market Scenario 2: Short positions below 188.97 with target at 188.28.

Comment: The pair trades neutral for the moment near 189.40 level.

Supports and Resistances:

R3 191.84

R2 190.75

R1 190.06

PP 188.97

S1 188.28

S2 187.19

S3 186.50

GBP/JPY Chart

GBP/USD

Market Scenario 1: Long positions above 1.5403 with target at 1.5452.

Market Scenario 2: Short positions below 1.5403 with target at 1.5331.

Comment: The pair advanced above pivot point 1.5403, but couldn’t continue its rise and went back now trying to break pivot point level again.

Supports and Resistances:

R3 1.5573

R2 1.5524

R1 1.5452

PP 1.5403

S1 1.5331

S2 1.5282

S3 1.5210

GBP/USD Chart

USD/JPY

Market Scenario 1: Long positions above 123.78 with target at 124.46.

Market Scenario 2: Short positions below 122.64 with target at 121.96.

Comment: The pair’s recent performance could allow it a visit of the 128.00 region, according to analysts.

Supports and Resistances:

R3 125.60

R2 124.46

R1 123.78

PP 122.64

S1 121.96

S2 120.82

S3 120.14

USD/JPY Chart

GOLD

Market Scenario 1: Long positions above 1193.40 with target at 1202.10.

Market Scenario 2: Short positions below 1178.70 with target at 1170.00.

Comment: Gold prices trade almost unchanged near 1188.00 level.

Supports and Resistances:

R3 1225.50

R2 1216.80

R1 1202.10

PP 1193.40

S1 1178.70

S2 1170.00

S3 1155.30

Gold Chart

CRUDE OIL

Market Scenario 1: Long positions above 58.77 with target at 59.83.

Market Scenario 2: Short positions below 58.77 with target at 57.29.

Comment: Crude oil prices rose and found resistance on pivot point level 58.77.

Supports and Resistances:

R3 62.37

R2 61.31

R1 59.83

PP 58.77

S1 57.29

S2 56.23

S3 54.75

Crude Oil Chart

USD/RUB

Market Scenario 1: Long positions above 49.677 with target at 51.155.

Market Scenario 2: Short positions below 49.677 with target at 48.559.

Comment: The pair trades steady near 50.000 level.

Supports and Resistances:

R3 54.868

R2 52.272

R1 51.155

PP 49.677

S1 48.559

S2 47.082

S3 44.486

USD/RUB Chart

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