Rosen's Daily Commentary

EUR/USD is trading relatively unchanged since yesterday's session. The pair is gravitating around 1.1375-1.1385. The low volumes come from weak positions from both sides caused by no major events to shake up the markets.
 
Gold is trading steadily around the level of $1,262-1,265. First support is seen at $1,250, while first resistance is the level of $1,270.
 
EUR/USD appears to be caught in a range between 1.14 and 1.1360. Currently, the pair is trading at 1.1387. No major news are expected today so we might see a continuation of sideways trading.
 
USD/CAD made a low of 1.2887 earlier today after posting several days of gains with a high of 1.3003. Currently, the pair is at 1.2926 and remains bullish on the short-term.
 
The EUR/USD is trading lower today after upbeat US data. Main trend on the short-term remains bearish. Current market price 1.1327.
 
Gold reached $1,262 earlier today and is now slightly higher at $1,268. Bears might attempt to further depreciate the price of the precious metal.
 
USD/JPY is having a strong day today with price reaching a new high at 109.44. Currently, price is a bit lower, but by the way it looks, bulls are trying to take control and break above 110.
 
GBP/USD is trading lower in today's session breaking below 1.4360 with a low of 1.4359. Main trend on the short-term remains bearish with first support at current market price.
 
EUR/USD is trading at 1.1320 after making a low of 1.1283 which appeared to be prior pivot point and gave bulls some confidence that they might be able to turn the price around. Main trend remains bearish on the short-term with first bear target 1.1270.
 
Gold is trading some $13 higher since the opening of the trading session. The precious metal reached a high of $1,283 and is currently $1,282.
 
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