After the weekend as many other financial instruments, EURUSD also opened with a positive gap, influenced by the Brexit polls. After the opening, the price rallied all the way to 1.1387. From that high the price started a down move, and for the past two days the price has moved sideways. A strong support is now found at 1.1300. A break below this level could trigger a drop all the way to the next important support from 1.1220.
The price of Gold has managed to break today below the 1277 support. Theoretically I would be expecting the drop to continue towards the next local support from 1265 dollars per ounce. A break below this one will open the door for a bigger drop which could target 1250 dollars per ounce.
The price of OIL rallied on the market risk appetite after the weekend Brexit polls. The 50 dollars level was retested and acted as a resistance once again. For the moment the price is heading towards a previous resistance, which I am know expecting to act as a support, 48.70. A drop below this level could trigger a further drop in the price, towards 47.50. A bounce from the support could send the price above the round number level.
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