EURUSD Could fall to 1.0950-1.0900 and then rise again
Updated
The Dollar Index is rising as expected and could test the 102.50 level while the Euro could fall to 1.0950-1.09. EURJPY looks bearish towards 155/154 while USDJPY has rebounded and could test the 143 level now, contrary to our expectations of a fall to 140-138. USDCNY is rising towards our mentioned target of 7.15/16. The Australian Dollar is heading towards 0.6750/0.67 while the Pound is near the immediate support of 1.26, which needs to produce a bounce or could be vulnerable to a drop to 1.24. USDRUB increased sharply yesterday but appears to be falling from the current 91 level. USDINR rose slightly above our expected resistance at 83.30 but then turned back down. The 83.35-83.20 range could hold well during the day. EURINR has risen above 91 and could soon test 91.50 before pausing.
US and German Treasury yields are seeing upward revisions in line with our expectations. Both output may increase further from here in the coming days. The 10-year GoI could rise to test its resistance before turning back down to resume the downtrend. On the other hand, the 5-year GoI is stuck in a tight range within its broader downtrend.
US and German Treasury yields are seeing upward revisions in line with our expectations. Both output may increase further from here in the coming days. The 10-year GoI could rise to test its resistance before turning back down to resume the downtrend. On the other hand, the 5-year GoI is stuck in a tight range within its broader downtrend.
Note
💵EURUSD BUY NOW 1.0960💵✔️TP1 1.0990
✔️TP2 1.1020
❌SL 1.0920
Note
💵XAUUSD BUY 2062-2060💵✔️TP1 2070
✔️TP2 2073
❌SL 2050
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