Rosen's Daily Commentary

The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
 
The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
 
Gold is currently consolidating around the $1,230 level. Below $1220 we might witness an attempt for $1,200. Above $1,238 we are headed towards first resistance at $1,255.
 
The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.
 
Gold rose to $1,270 as traders and investors are worried about the US economy. Currently Gold is trading at major resistance and a possible turn could be expected that would take prices down to $1.245.
 
The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.
 
The USD/CAD is trading at 1.30 thus marking a stable support zone. Below that we might witness a drop to 1.29. If bulls manage to keep prices up, then first target is 1.3070 and getting back into the trading channel.
 
The EUR/USD is trading lower in todays session. The pair is currently at 1.1260. Price continues to be range bound as traders and investors wait for news to stir the market. First support remains 1.1070, first resistance 1.1410.
 
Gold made a head and shoulders pattern on the H1 chart. Currently price is $1,1245 and Gold bears are ready to take it down to $,1225 and below. First resistance $1,255 has to be taken out in order for the precious metal to return to the short-term bullish channel.
 
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