GBP is trading very weak and failed to stabilize above 1.2795. Trading remained below the mentioned level most of the time, weakening the upside potential and showing that the pair does not have bullish momentum.
Despite the overall upward trend in oil, we believe that futures are still in need of further downward correction.
Technical indicators show a good chance to see a rise in the price of silver today, but to confirm this view
The price of gold has breached 1208.00 levels, and stability above this level may cause us to see further upside
EUR/USD rose yesterday, and today we expect further upside. However, volatility should not be ruled out and possibly some downside before the upside move continues.
The price fell yesterday, which lead to break of support for 73.90, and this may be a reason for further descent.
Despite yesterday's bearishness, 14.20 support level remained steady and traded above the ascending trend line.
The price of gold rose slightly to settle above the 1186.00 level, and stability above this level is considered a reason to see further bullishness today
EURUSD is trying to climb, taking advantage of the stability of the trading above 1.1445, as yesterday's failure to breach this level and stability below it again to rise.
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