Eur/Usd and Gold -Technical overview

European stocks opened positive on the week start
Technical View :EURUSD
The Chances of US economy recession are fading
Gold Caught By Elliot have a look on the pattern
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          Well the all time favourite currency eurusd still holding uptrend ahead of Brexit uncertainties we recently seen correction from 1.2000 levels .The range is narrowing before break out .As I can see the pair, ahead of Brexit gathered a storm to win in bull side

The Next Levels Key Support &Resistances are

    1.1600    1.1750   1.2050   1.2200  1.2450 

So, as the pair showing less chances to fall the USD also gained weighting with Non Farm Payroll data, decreased unemployment which made confident across consumer to gain strength in it. We will see next about gold.


Gold After Tax Reforms in US decided to move  lower as it breached trend line ,made Spike and fall back around 30 points from 1275 ,currently gold is holding small support near 1245 but wave C after corrective Wave B up-to 1260 Will Continue towards 1220 levels as Pointed in the chart above .These the next Demand zone near levels 1220 

Key Levels to watch in gold are 1220 1245 1266 1273 1289 1299 I will update further in case changes in it.
For more you could keep enquiring by direct calling me always ready to co operate Thank you.     


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