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XAUUSD - correction
on the 4h chart we clearly see a bearish market, but we see also that the price is located at the lower line of the channel, and the bulls may lead it up , at least for a correction, my target will be at 1660, the last broken support.
GBPUSD technical analysis
After the big short made by the bears last friday, I think the bulls will try to take control again, at least to test the broken trendline ,1.1100 will be good point for them.
EURUSD intraday movements
The EURUSD pair opened today with sharp decline to suffer big losses and reach 0.9550, affected the Italian elections after the right party win, to fall under more expected negative pressure and head towards achieving additional negative targets that might reach 0.9510. The price moves around 0.9650 level now, and it is important to consider that breaching 0.9700 will push the price to start correctional bullish wave and recover to achieve gains that start at 0.9790 and might extend to 0.9865. The expected trading range for today is between 0.9550 support and 0.9730 resistance. The expected trend for today: Bearish
XAUUSD - correction
on the 4h chart we clearly see a bearish market, but we see also that the price is located at the lower line of the channel, and the bulls may lead it up , at least for a correction, my target will be at 1660, the last broken support.
GBPUSD technical analysis
After the big short made by the bears last friday, I think the bulls will try to take control again, at least to test the broken trendline ,1.1100 will be good point for them.
EURUSD intraday movements
The EURUSD pair opened today with sharp decline to suffer big losses and reach 0.9550, affected the Italian elections after the right party win, to fall under more expected negative pressure and head towards achieving additional negative targets that might reach 0.9510. The price moves around 0.9650 level now, and it is important to consider that breaching 0.9700 will push the price to start correctional bullish wave and recover to achieve gains that start at 0.9790 and might extend to 0.9865. The expected trading range for today is between 0.9550 support and 0.9730 resistance. The expected trend for today: Bearish
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