Euro : The EURUSD made a bottom at 1.4236 levels restricting its further fall. Upside correction is expected till 1.4420 levels from where shorts can be initiated. Immediate support comes in at 1.4250 levels. Bias still remains bearish and shorts close to 1.4420-1.4450 levels can be taken for target of 150 pips and lower. Break below 1.4250 levels area should keep the bearish scenario intact testing 1.4120 - 1.4150 levels. (EURUSD - 1.4341) Neutral.
Sterling : GBPUSD made a bottom at 1.5920 levels and is currently trading at 1.5980 levels. Upside correction is expected till 1.6150 levels where shorts can be initiated for the target of 150 -200 pips keeping stoploss above 1.6220 level.Short term bias still remains bearish till 1.5750 levels unless 1.6200 level is held.(GBPUSD 1.5987) Bearish
Yen : The JPY maintains bearish bias and moved above 91.70 plus levels. We still maintaining bearish bias for yen targeting 93 plus. (USDJPY- 91.69) Neutral.
Aud : AUDUSD made a bottom at 0.8730. Our expectation of Aud below 0.8900 levels should continue the bearish momentum targeting near 0.8650 levels before testing key support level around 0.8450 levels. Immediate resistance at 0.8890 - 0.8940 where shorts can be initiate for the target of 150pips.(AUDUSD - 0.8757) Bearish.
GOLD : GOLD is currently trading at 1096.10 levels. It is likely to retrace till 1112.00 levels (55 EMA). Initiate longs below 1080.00 levels for the target of 1110.00 levels. (GOLD - 1097.55) Bullish.
Dollar Index : The break of 76.80 resistances for Dollar Index and sustained trading above 55 days EMA confirms that a medium term bottom is in place at 74.10 already. We're remaining bullish on the dollar index as long as 76.80 resistances turned support holds. Further rise is expected to be seen to 38.2% retracement of 89.62 to 74.19 at 80 levels, as a correction to fall from 89.62, in the least bullish scenario. (DI - 78.28) Neutral