Forex Marketz Daily Forex News – Fully Markets Update
Gold (1219.91)
After forming a morning star on our daily chart, seen below, there is a chance the price of the yellow metal will move higher. We need a daily close above 1,226.50 to challenge the next technical level at 1240.00.
We have near term support at 1206.50. A close below that will test 1200 then 1150.50.
EUR/USD (1.2678)
The euro remains heavily sold. The EUR/USD is now testing its weakest levels in over two years. A daily close below 1.2660 will challenge 1.2605 then 1.26.
Should the euro somehow reverse course, and with no bullish reversal signals, we need a close above 1.2750 to test 1.2770. Above that last level will challenge 1.28 and then 1.2810.
