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Wednesday's Forecast : EUR/USD, GBP/USD, Gold, Crude Oil

Published 12/20/2017, 03:31 AM
Updated 07/09/2023, 06:31 AM

DAILY FORECAST

EUR/USD

The market is trading along a sideways trend between support 1.1722 and resistance 1.1793, where uptrend will start as soon as the market rises above resistance level 1.1793, which will be followed by a move up to resistance level 1.1905.

A downtrend will start as soon, as the market drops below support level 1.1722, which will be followed by a move down to support level 1.1643.

EUR/USD Chart

GBP/USD

The market is trading along a sideways trend between support 1.3284 and resistance 1.3376, where uptrend will start as soon as the market rises above resistance level 1.3376, which will be followed by a move up to resistance level 1.3284.

A downtrend will start as soon, as the market drops below support level 1.3284, which will be followed by a move down to support level 1.3188.

GBP/USD Chart

GOLD

The market is trading along a sideways trend between support 1237 and resistance 1245, where uptrend will start as soon as the market rises above resistance level 1245, which will be followed by a move up to resistance level 1269.

A downtrend will start as soon, as the market drops below support level 1237, which will be followed by a move down to support level 1228 and then 1212.

Gold Chart

US CRUDE OIL

The market is trading along a sideways trend between support 56.86 and resistance 58.00, where uptrend will start as soon as the market rises above resistance level 58.00, which will be followed by a move up to resistance level 58.94 and then to 60.25.

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A downtrend will start as soon, as the market drops below support level 56.86, which will be followed by a move down to support level 54.00.

US Crude Oil Chart

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