EUR/USD

EURUSD is trading in the upper half of its 1.0800 support and the 1.0900 resistance zoneS after briefly trading below 1.0850 and finding support at 1.0825. 1.0850 is looking like solid support with the confluence of the 50 and 100 hourly EMA`s in this area. Upside targets are at 1.0875, 1.0900 and 1.0920, which would take the pair above last weeks pre ECB levels. However a close below 1.0850 would see bears retest 1.0825 with an eye on 1.0800 this months lows of 1.07768.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.0835 1.0845 1.0851 1.0861 1.0867 1.0877 1.0883
DAILY 1.0769 1.0793 1.0828 1.0852 1.0887 1.0911 1.0946
WEEKLY 1.0523 1.0650 1.0724 1.0854 1.0925 1.1052 1.1126
MONTHLY 1.0058 1.0298 1.0579 1.0819 1.1100 1.1340 1.1621
 

GBP/USD

The GBPUSD is currently in a corrective phase and is trading above 1.4300 after finding resistance at the weekly high of 1.4362. A break above 1.4362 will see bulls target 1.4400 and 1.4450 before stretching for the 1.4500 psychological handle which will change the sentiment for the pair. However, a close below 1.4300 will see bears attempt to re-establish the downtrend with targets at 1.4250, 1.42050 and 1.4150.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.4322 1.4329 1.4337 1.4344 1.4352 1.4359 1.4367
DAILY 1.4023 1.4097 1.4220 1.4294 1.4417 1.4491 1.4614
WEEKLY 1.3823 1.3951 1.4108 1.4236 1.4393 1.4521 1.4678
MONTHLY 1.4044 1.4383 1.4531 1.4900 1.5078 1.5417 1.5595
 

CRUDE OIL

The $30 support level proved too strong for bears to break through and crude is range bound between $30 and $33 as markets wait for more data regarding supply or demand before a directional bias is established. The hourly 50 EMA has crossed above the 100 EMA albeit in flat trade. $31 is the support to beat currently if bears want to retest $30 and beyond to $29 and $28. A close above $32 will see bulls attempt to trigger stops above $33 with hopes of closing the week out at $35.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 30.00 30.29 30.62 30.91 31.23 31.53 31.85
DAILY 25.97 27.61 29.13 30.77 32.29 33.93 35.45
WEEKLY 21.97 24.08 28.13 30.24 34.29 36.40 40.45
MONTHLY 25.02 29.50 33.27 37.75 41.52 46.00 49.77