*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7776 with target @ 0.7808.
Market Scenario 2: Short positions below 0.7776 with target @ 0.7628.
Comment: The pair seems to have eyes on 0.7700 level again.
Supports and Resistances:
R3 0.7898
R2 0.7866
R1 0.7808
PP 0.7776
S1 0.7718
S2 0.7686
S3 0.7628
Market Scenario 1: Long positions above 129.70 with target @ 130.39.
Market Scenario 2: Short positions below 129.70 with target @ 129.01.
Comment: The pair dropped to 129.52 level but remained within its trading range.
Supports and Resistances:
R3 131.77
R2 131.08
R1 130.39
PP 129.70
S1 129.01
S2 128.32
S3 127.63
Market Scenario 1: Long positions above 1.0878 with target @ 1.0956.
Market Scenario 2: Short positions below 1.0878 with target @ 1.0730.
Comment: The pair continues hitting lows below 1.0830 level.
Supports and Resistances:
R3 1.1104
R2 1.1026
R1 1.0956
PP 1.0878
S1 1.0808
S2 1.0730
S3 1.0660
Market Scenario 1: Long positions above 177.28 with target @ 177.88.
Market Scenario 2: Short positions below 177.28 with target @ 176.05.
Comment: The pair made a rebound by surpassing 177.00 level.
Supports and Resistances:
R3 179.11
R2 178.51
R1 177.88
PP 177.28
S1 176.65
S2 176.05
S3 175.42
Market Scenario 1: Long positions above 1.4864 with target @ 1.4933.
Market Scenario 2: Short positions below 1.4864 with target @ 1.4738.
Comment: The pair is likely to remain under pressure during the European session, mainly on account of election uncertainty.
Supports and Resistances:
R3 1.5059
R2 1.4990
R1 1.4933
PP 1.4864
S1 1.4807
S2 1.4738
S3 1.4681
Market Scenario 1: Long positions above 119.18 with target @ 119.75.
Market Scenario 2: Short positions below 119.18 with target @ 118.88.
Comment: The pair advanced above 119.45 level with the yen showing a significant weakness.
Supports and Resistances:
R3 120.02
R2 119.75
R1 119.45
PP 119.18
S1 118.88
S2 118.61
S3 118.31
Market Scenario 1: Long positions above 1199.30 with target @ 1205.90.
Market Scenario 2: Short positions below 1199.30 with target @ 1177.90.
Comment: Gold prices lose ground again as data anticipation builds.
Supports and Resistances:
R3 1219.90
R2 1213.30
R1 1205.90
PP 1199.30
S1 1191.90
S2 1185.30
S3 1177.90
Market Scenario 1: Long positions above 49.34 with target @ 50.47.
Market Scenario 2: Short positions below 49.34 with target @ 46.17.
Comment: Crude oil prices dropped on weak demand with a potential Iran deal.
Supports and Resistances:
R3 53.64
R2 52.51
R1 50.47
PP 49.34
S1 47.30
S2 46.17
S3 44.13
Market Scenario 1: Long positions above 57.658 with target @ 58.291.
Market Scenario 2: Short positions below 57.658 with target @ 56.654.
Comment: The unexpected recent rebound by the ruble has partially reversed months of pain for the Russian currency and fired hope among officials in Moscow that there might be light at the end of the tunnel.
Supports and Resistances:
R3 59.295
R2 58.662
R1 58.291
PP 57.658
S1 57.287
S2 56.654
S3 56.283