The rate rebounded from 1.0519 and a triple bottom formation could create the conditions of a rally of the pair to. 1.08, 1.1 and then 1.1190 could be the relevant resistance areas. Below 1.0519 EurUsd could test 1.03 and then the parity. The RSI(14) left the oversold area.
Gold went below the level reached last May and made a pullback. If the metal would rise above 1,200 $/oz a short term rally can lift the commodity to 1,240. The 200SMA is at 1,286 at the moment. If a selling wave will occur is it likely that negative market sentiment could accelerate below 1,170, with key supports at 1,130 and 1,100. The RSI(14) is just off the oversold level.
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