EUR/USD has rebounded from last week’s 20-year low. The MACD indicator shows that momentum is in positive territory, suggesting the bulls are in control. A rally from here could see it target 1.0324 or 1.0400. A decline might see it find support at 1.0027 or 0.9951.
GBP/USD is rallying, and the RSI is moving higher, suggesting the price bias is to the upside. If the bullish move continues, it might target 1.2124 or 1.2164. Should the broader bearish move resume, it might hit 1.1812 or 1.1759.
USD/JPY has retreated from the 24-year high posted past week. A move lower from here could see it fall to 136.57 or 135.32. If the longer-term uptrend continues, it might encounter resistance at 140.00 or 141.00.
Last Thursday, gold tumbled to its lowest mark it almost one year. Should the broad sell off continue, 1697 or 1678 could act as support. A rebound might bring 1745 or 1752 into play.
Silver is in a downtrend and last week it fell to its lowest level in over two years. If the bearish move continues, it might hit 18.44 or 18.13. A rebound might see it target 19.36 or 20.20.
WTI printed a one-week high last week, the RSI is moving higher, suggesting the price bias is to the upside. A break above 100.00 could see it target 101.63 or 102.00. A pullback might find support at 92.73 or 91.50.
The Dow Jones hit its highest mark in over two weeks yesterday, if the rally continues, resistance might be found at 31883 or 32347. The MACD indicator shows that momentum has swung from positive territory to negative territory, suggesting the bears are now in control. A fall might find support at 30684 or 30133.