Rosen's Daily Commentary

Gold lost some of it's price in today's session after yesterday's high of $1,345. The precious metal is now trading at $1,333 and has a solid support at $1,325.
 
The EUR/USD is trading higher since Wednesday last week when the FED decided not to raise the interest rate. The pair went from 1.0961 to a high of 1.1197 in less than three days. today the pair is trading at 1.1175 as the trend is looking slightly exhausted.
 
AUD/USD is trading close to resistance at 0.7650. If bulls manage to drive prices to that level bears will try to bring it down to first support zone at 0.75. Currently price is 0.7611.
 
The EUR/USD is holding steady for it's highest gains since Wednesday last week. The pair reached a high of 1.1197 last week and is now trading at 1.1185. Bulls are not ready to give up as they are facing a strong resistance at current market price. If we get a break and a close above 1.12 then we might be in for a good bull rally.
 
USD/JPY is trading at minor support at 102.20. The pair reacted from touching resistance at 107.50 and started falling till it made a low of 101.97. Earlier this morning, the price was 102 and bulls reacted quickly to the opportunity boosting price to the upside and reaching 102.28. Major support is 101.65.
 
The EUR/USD is trading somewhat lower in today's session after yesterday's high of 1.1233. The pair is now 1.1211. No fundamentals are expected today. On Friday, however, the NFP and unemployment will be the most anticipated event of the month.
 
Gold is trading at resistance at current market price of $1,364. The precious metal needs to close above $1,375 in order for a bull run to be confirmed. On the other hand, if bears are able to keep the price below $1,365, a change in trend is probable.
 
The EUR/USD is lower today trading at 1.1140. Down some 100 pips from this weeks high of 1.1235. The pair would be heavily impacted by the long-awaited NFP and unemployment data scheduled for tomorrow.
 
Gold is trading to the downside today after yesterday's high of $1,367. The precious metal is now $1,352 with a low of $1,350. This might be the beginning of a short-term downtrend that could lead price to a possible target of $1,300.
 
The EUR/USD appears to be consolidating ahead of the NFP and unemployment data scheduled for later today.
 
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