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The euro is facing the combined resistance of the 100-day SMA and the 23.60% Fibonacci retracement level at the 1.0629/39 level.
The upper Bollinger band near the 1.2560 level keeps resisting sterling's attempts to retake the major 1.26 level against the dollar. A surge above the first mentioned level today seems unlikely, given that liquidity isn’t yet totally reestablished.
Dollar/yen keeps driving main attentions. The exchange rate is moving closer to the 108 level, where demand will possibly occur. Many support levels were broken last week and in any of those breaks demand has been triggered. So, be skeptic about it.
Gold is moving higher. The rhetoric around North Korea tensions and the upcoming French elections favors the bullion’s surge.
China reported a 6.9% GDP expansion year-over-year in the 1Q 2017 and oil prices are moving lower amid profit taking after last week rally.
The upper Bollinger band near the 1.2560 level keeps resisting sterling's attempts to retake the major 1.26 level against the dollar. A surge above the first mentioned level today seems unlikely, given that liquidity isn’t yet totally reestablished.
Dollar/yen keeps driving main attentions. The exchange rate is moving closer to the 108 level, where demand will possibly occur. Many support levels were broken last week and in any of those breaks demand has been triggered. So, be skeptic about it.
Gold is moving higher. The rhetoric around North Korea tensions and the upcoming French elections favors the bullion’s surge.
China reported a 6.9% GDP expansion year-over-year in the 1Q 2017 and oil prices are moving lower amid profit taking after last week rally.
