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Technical Overview - 21st June

EURUSD - Sideways

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.

EURUSD - 21st June  Sideways

GOLD - Broken support

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.

GOLD - June 21st Broken Support

OIL WTI - Price bounces back

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.

OIL WTI - 21st June Price bounced back

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