EUR/USD Pair Continues to Recover
XAUUSD – Gold Technical Analysis
Despite the non-farm payroll data released on Friday falling below expectations, gold prices did not show any significant volatility. Therefore, market focus is shifting towards Trump's tariff policies and geopolitical developments. From a technical perspective, gold is trading sideways this morning. If an upward movement occurs, the resistance levels to watch are $2930 and $2945. On the downside, potential declines could find support at the 21-day exponential moving average at $2895 and $2880.
Resistance Levels: 2930 / 2945 / 2955
Support Levels: 2895 / 2880 / 2870
XAGUSD – Silver Technical
Silver prices are showing a bearish trend this morning. If the downward movement continues, key support levels to watch are $32.25 and $32.05. On the other hand, if silver moves upward, resistance levels are $32.70 and $32.90.
Resistance Levels: 32.70 / 32.90 / 33.05
Support Levels: 32.25 / 32.05 / 31.80
EUR/USD – Technical Analysis
Last week, the EUR/USD pair experienced sharp price movements. After reaching its highest levels in the past year, Friday's weaker-than-expected non-farm payroll data has brought FED rate cuts back into discussion.
This morning, the pair continues to trade bullishly. If the upward trend persists, 1.0890 and 1.0925 are the key resistance levels to watch. In case of a downward move, 1.0810 and 1.0760 will be critical support levels.
Resistance Levels: 1.0890 / 1.0925 / 1.0945
Support Levels: 1.0810 / 1.0760 / 1.0735
NAS100 – Technical Analysis
This morning, NAS100 futures are trading with a bearish trend. Currently priced above 20100, further declines could bring support levels of 19920 and 19755 into focus. If the market turns bullish, resistance levels to watch are 20290 and 20475.
Resistance Levels: 20290 / 20475 / 20665
Support Levels: 19920 / 19755 / 19580
UKOIL – Technical Analysis
After a strong upward move on Friday, UKOIL pulled back slightly to close the day. On the first trading day of the new week, UKOIL is showing a bullish trend.
From a technical standpoint, if the upward movement continues, 70.60 and 71.10 are important resistance levels. In case of a pullback, 69.30 and 68.70 will serve as key support levels.
Resistance Levels: 70.60 / 71.10 / 71.65
Support Levels: 69.30 / 68.70 / 68.30
Tags: Technical Analysis, Analysis, Forex