Friday, 13 October 2017
Eur / Usd - resistance zone 1.1880-1.1900, technical rollback was weaker
The pair found support somewhat higher than our expectations; weak data on US inflation indicated the weakness of the US currency. EUR / USD found support in the area of level 1.1800. However the technical and fundamental picture has remained the same. The resistance zone is 1.1880-1.1910. The support area is 1.1700-1.1805.
Trade recommendations - longs after the market rollback to the area of 1.1805 and lower
Gold - resistance 1289-1295 was taken in two days, the uptrend is stronger now
Gold rose above the resistance of 1289-1295, and now it is a strong support zone. Yesterday, the market continued to gain and reached $1297.47 per ounce. Today, the strengthening continued and gold reached the psychological mark of $1300 - a strong resistance level. Support is located in the area of $1290-1295.
Trade recommendations-longs at the support level 1290-1295
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