Rosen's Daily Commentary

USD/CAD reached first resistance today in the face of 1.3180. The pair went through the upper triangle line at 1.3050 and continued steady to reach prior high and make a double top. If this holds, first bear target is 1.3030.
 
The EUR/USD is trading at support at 1.0970. If this level is broken we might see an attempt of Bears to go to 1.0900. On the other hand, it 1.0970 is a successful support Bulls might attempt to break above first resistance at 1.1035.
 
Gold reached a low of $1,313 in today's early hours and is currently trading at $1,318. The precious metal is at support for a second time since last week and if this level holds we might see Gold going to $1,400. Milestones until then: $1,335; $1,350; 1,375.
 
EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
 
USD/JPY is trading lower due to technicals and fundamentals combined. The pair reached a high of 107.50 and started goind downhill. USD/JPY is currently trading at 104.22 about to end a second consecutive day in the red.
 
EUR/USD is consolidating around 1.0990 in anticipation of the FED Interest Rate Decision scheduled for later today. Major support is seen at 1.0960. First bull target is seen at 1.1070.
 
USD/JPY reached minor resistance in today's early hours at 106.54 and is now trading at 105.62. The pair is in a long-term downtrend with major bear target at 98. Before that milestones are seen at 103 and 100.50. On the other hand, major bull target is to break above 108.00.
 
The EUR/USD is trading higher after the FED decided to leave the rates unchanged. The pair went from 1.0961 to a current market price of 1.1109. First resistance is seen at 1.1140, while first support is found at 1.1020.
 
Gold reached a high of $1,342 after the FED did not touch the rate. The precious metal found support at $1,311 and since then it has been trading to the upside. First and minor support is seen at $1,324, while first resistance is seen at $1,347.
 
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.
 
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