Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD has started falling after touching the strong resistance level of the 50-day moving average and the 50% Fibonacci retracement level at 1.1700. It is getting closer to the support zone of 1.1650-1.1660 near the 38.2% Fibo level, which will be hard to cross. We may expect the pair to trade sideways near this level. However, if it manages to drop below it, the way down to 1.1610-1.1600 will be open.
Gold is moving inside the ascending channel. Gold got closer to the lower line of the channel which also lies at the 200-day moving average of $1792. The metal should struggle to cross it and reverse up back to the recent high of $1800-1810.
