EURUSD : EURUSD has taken support close to 1.38 levels and could move towards 1.4100 levels. Selling positions can be initiated there. Be cautious incase 1.4100 levels break confidently again. (EURUSD–1.3964) Bearish

Sterling : GBPUSD is currently trading at 1.5980 levels and is having a strong resistance of 1.6100 levels. Sell close to 1.61 levels again for a target of 150 pips. (GBPUSD – 1.5980) Bearish

Yen : The JPY is currently trading at 90.40 levels and is having a strong resistance of 91.20 levels. Yen is holding bullishness and targeting 88.40 levels and even lower due to increased risk aversion. Only a break of 93.00 levels would change the bias of the Yen. (USDJPY- 90.40) Bullish.

Aud : AUDUSD is currently trading at 0.8862 levels. Immediate strong resistance near 0.8980 -9000 levels. Initiate shorts near these levels with stoploss above 0.9050 levels. Strong support is located close to 0.8700 levels.(AUDUSD - 0.8862) Neutral

Gold : GOLD is currently trading around $1114.50 levels and is having immediate resistance near $1120 levels (trendline resistance).Bias remains bullish for gold above $1120 levels. (Gold- $1114) Neutral

Dollar Index: Dollar Index is currently trading near 79.08 levels. Immediate resistance comes near 80 levels. Bias remains bullish above 78.50 levels. (DI -79.08). Neutral.

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DISCLAIMER

These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.