The NASDAQ 100 is in a short-term downtrend and the RSI is moving lower, suggesting the bears are dominant.
Gold is rising, and momentum has now turned positive, implying the bulls are in control.
WTI is in a downtrend and the MACD indicator shows that momentum is negative, suggesting the bears dominating.
The pair couldn't maintain the support level at 1.3190, and pulled back from it,
The pair couldn't to keep up the support level at 1.3190 that we have mentioned yesterday, and managed to break it then get back for testing before failing to exceed it again. So, we expect prices to continue declining till levels of 1.3120 then 1.30. the current resistance would be at 1.32, and if it managed to stay higher this level could cancel the scenario of declining.
Prices pulled back after reaching a resistance level at 1.3280, we expect the pair to test levels of 1.3215/1.3190 then bouncing higher targeting 1.3285/1.3320.
The pair still moving in a sideways range between a support at 1.3450 and a resistance at 1.3620. breaking the support would push prices to levels of 1.33, and in the upside scenario breaking the resistance could push prices higher targeting levels of 1.3770 and this the most probable scenario.
The pair has failed to exceed the resistance level at 1.3620 and pulling back besides we can notice a negative divergence on RSI, currently prices near a support level at 1.3460 and with the break we would see it targeting levels of 1.33.
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