Euro : EURUSD is currently trading at 1.4535 levels and it has touched high of 1.4580 levels yesterday (As Expected). Bias is little mixed but bullishness would be confirmed once 1.4650 would break on the upside. Initiate shorts near 1.4580 levels with tight stoploss above 1.4640 levels, profit target 100-120 pips (EURUSD-1.4535).Rangebound to Bullish.
Sterling :GBPUSD is currently trading near 1.6280 levels. If it breaks this level and trades above these levels for 2 - 3 tarding sessions then we could see 150-200 pips move upside. Initiated buy near 1.6150-80 area, keeping stoploss below 1.6100 levels.(GBPUSD-1.6280)Rangebound
Yen : The JPY is currently trading near 91.74 level and is having immediate resistance near 92.20 levels (200 days EMA) which if broken then could see upside move near 93.50 levels. Levels close to 93.50 remains strong technical resistance plus stochastic in weekly charts are also showing strength in yen. Cautious shorts can be initiated near 93.50 levels for the target of 90.20 levels with tight stoploss of 150 pips. Trend still remains bullish for yen below 93.50 levels (USDJPY- 91.74) Bullish.
Aud :AUDUSD is consistently trading above 21 Days daily EMA and is currently trading at 0.9300 levels.Immediate resistance near 0.9410 levels (double top formation) where cautious shorts can be initiate for the target of 100-150 pips. (AUDUSD - 0.9300) Bullish.
Gold : GOLD is currently trading at $1142 levels and it has touched a low $1118 levels yesterday. Initiate buy near $1128 levels for a target of 30 dollars. Do not go short on gold since it seems quite bullish. Buying on downside levels is recommended. (Gold-$1142) Bullish.
Dollar Index: Dollar Index is having an immediate support near 76.70 - 76.80 levels. Dollar Index is in a consolidation mode and fall from 78.45 might extend further on the back of the strength in Euro in short-term. (DI -76.75). Neutral.