Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD has reversed up from the 50-day moving average of 1.1800. It has failed to cross the resistance level of 1.1825 so far, but if it manages to do so, it may jump to the 50-period moving average of 1.1840. Support levels are the psychological mark of 1.1800 and the 100-period moving average of 1.1785. Follow the ECB meeting at 14:45 GMT+3.
Gold is weakening these days. It has even broken below the 200-period moving average of $1795. The way down to the 38.2% Fibonacci retracement level of $1775 is open now. The metal should stop at the $1775 support level. Resistance levels are $1795 and $1800.
S&P 500 has started consolidating. Look at the red line, the 50-day moving average. It has supported the index so many times. Thus, we might expect S&P to drop to the moving average at 4430 if it manages to break below the recent low of 4470. Monitor the movement of the S&P 500! When it gets closer to this red line – the 50-day moving average, S&P 500 is likely to reverse up!
