Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD is moving inside the descending channel. It’s likely to drop to the 1.1750 support soon. If it manages to break below this level, it will fall to the psychological mark of 1.1700. In the opposite scenario, the breakout above the key resistance level of 1.1800 will open the doors to the high of July 15 at 1.1850.
XAU/USD has reversed up from the $1810 support level. It’s edging higher to the 200-day moving average of $1825, which it’s unlikely to cross on the first try. However, if it does, the way up to the 50% Fibonacci retracement level of $1833 will be open. Support levels are $1810 and $1800.
