
Read the daily news and get the fresh tech analysis of EUR/USD, USD/JPY, and gold!
Fundamentals
EUR/USD keeps rallying up driven by the weak US dollar. If it manages to break above the psychological mark of 1.2150, the way up to 1.2200 will be clear. In the opposite scenario, if it falls below yesterday’s low of 1.2055, it may drop back to the support of 1.2000. Be cautious as the price is more likely to pull back from support levels to the upside rather than break through to the downside.
XAU/USD is approaching the 38.2% Fibonacci retracement level of $1 840. Some selling pressure is expected near this area. If it finally manages to break through it, the doors towards the 50% Fibonacci retracement level of $1 865 will be open. On the flip side, the move below yesterday’s low of $1 810 will drive gold lower to the key psychological mark of $1 800.
EUR/GBP has finally escaped the descending channel it had been trading since September. If it jumps above yesterday’s high of 0.9068, the way up to October’s high of 0.9130 will be clear. In the opposite scenario, if it drops below the 200-period moving average of 0.9000, the way down to Tuesday’s low of 0.8945 will be clear.
WTI oil is edging higher ahead of the OPEC+ meeting, where the crucial decision will be made. The main topic is the oil output cuts. The move above yesterday’s high of $45.65 will drive oil to $46.00. Support levels are $45.00 and $44.65. Follow the OPEC+ decision as it will have a huge impact on oil. If they decide to prolong output cuts, oil prices will surge. Otherwise – drop. To trade WTI oil, you need WTI-21F.
Read the daily news and get the fresh tech analysis of EUR/USD, USD/JPY, and gold!
What's moving markets on Friday? What is the hottest news? Let's find out!
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time.
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