Euro : EURUSD is currently trading at 1.4390 levels. Immediate support near 1.4300 (trendline support).Initiate buy near 1.4300 -1.4340 levels with tight stoploss below 1.4240 levels, profit target 100-120 pips (EURUSD-1.4390). Rangebound
Sterling : GBPUSD had a significant bullish momentum yesterday, break above the trendline resistance indicating potential bullish outlook.Immediate support near 1.6320 area where buying can be initiated for the target of 150-200 pips, stoploss below 1.6250.The bias is bullish in nearest term but we need a clear break above 1.6440 levels to continue bullish scenario targeting 1.6700 levels. (GBPUSD 1.6407). Neutral to Bullish
Yen : The JPY is currently trading near 90.40 levels and is having an immediate resistance near 91.20 levels (21 days daily EMA) Shorts can be initiated near 91.20 levels with tight stoploss of 91.80, target 88.40 levels. Trend still remains bullish for yen below 93.50 levels (USDJPY- 90.40)Bullish.
Aud : AUDUSD is currently trading at 0.9220 levels and is having an immediate support near 0.9150 levels (21 Days daily EMA). Immediate resistance near 0.9410 levels. Initiate buy near 0.9150 levels for the target of 100 pips. (AUDUSD - 0.9220) Medium term bullish
Gold : GOLD is currently trading at $1137 levels. Immediate support comes around $1128 levels which if broken then could see strong support near $1118 levels.Initiate buy near $1128 levels keeping stop below $1118 for the target of 30-40 dollars. (Gold-$1137) Bullish.
Dollar Index: Dollar Index is having an immediate support near 76.80 levels and it is currently trading at 77 level. Dollar Index is in consolidation mode as of now till it maintains the support of 76.50- 76.60 levels and resistance of 77.80 levels. (DI -77) Neutral.