Forex, Gold, Dollar Index Technical Comments by RCPL Forex

Euro: The pair lost around 250 pips in yesterday’s trading session from the highs of 1.4026 to test 1.3746. Although, the ECB kept interest rates unchanged yesterday; the approval of the bailout package in US helped the USD appreciate against EUR. We expect a good support for the pair to come in at the 200 weekly EMA (1.3560) on the downside. The overall scenario still remains bearish for the pair. However, the Non Farm Payrolls today can take euro upwards, where sell should be incorporated. (Eur/Usd:1.3860).



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