Euro : EurUsd is currently trading at 1.4365 levels. 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 1.4420-1.4480 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 - 1.4372) Bearish.
Sterling : GBPUSD is currently trading at 1.6000 levels. Upside correction is expected till 1.6140 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 untill 1.6200 level is held.(GBPUSD 1.6006) Bearish.
Yen : The JPY maintains bearish bias and moved above 91.70 plus levels. We are still maintaining bearish bias for yen targeting 92.50 plus. Initiate shorts near this level for the target near 90 levels (USDJPY- 91.71) Neutral.
Aud :AUDUSD is having an immediate resistance near 0.8900 levels. Our expectation of Aud below 0.8900 levels should continue the bearish momentum targeting near 0.8650 levels.Initiate shorts near 0.8900- 0.8940 levels for the target of 150pips.(AUDUSD - 0.8877) Bearish.
Gold : GOLD is currently trading at $1104.80 levels. It is likely to retrace till $1110.00 -$1120 levels (55 EMA). Initiate shorts near $1120.00 levels for the target of 30 - 40 dollar Bullish. Stochastic is neutral. (GOLD - $1105.15) Neutral.
Dollar Index : Dollar Index is currently trading at 77.80 levels and sustained 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 near 80 levels, (DI - 77.80) Bullish.