This we week we are expecting a lot of important data which can influence the markets significantly. Today will be calm however, in the next few days we will be analyzing the situation from the technical as well as fundamental point of view. Let us look at the situation on the charts at the beginning of the week.

EUR/USD

EUR/USD is currently testing 1,0620. The fundamental support is still 1,06 and 1,0580. The demand can be clearly visible here. If there is a breakout of the support , the price should not meet any obstacles until 1,0524. On the other hand, if there is a strong purchase the closest resistors will be 1,0642 and fundamental 1,0665. Reaching above this level again will give an opportunity to the test of a very important resistor at 1,07-1,0710.

USD/JPY

After the Friday remarks of the USA president – Donald Trump we have seen an attempt to breakout level 113,74. Breaking it out again may open the way to another areas of resistance at 114,50 and 115,40. If there is a decrease movement , a breakout of 113 will be fundamental. Only forcing of this level will open the way to stronger decrease to the area of  112,55 and 112.

GBP/USD

GBP/USD still stays above the fundamental supports at 1,024 and 1,02450. Only forcing them may mean technically stronger decrease movement. However, the scenario from Friday concerning a rebound from  1,2450 is fulfilling and we should observe how the price will react in the next areas. A permanent breakout of 1,25 may open the way  to 1,2556 and fundamental 1,26. Only going above 1,26 will mean a clear domination of the demand.

XAU/USD

The gold is currently around level 1231. Keeping of this level may direct the price  again for a test of 1223,82 which has stopped the decrease on the gold last week. On the other hand, another breakout of 1231 will open the way to the fundamental resistor at 1241. Only forcing of 1241 or 1223,82 opens the way to specific movements which range can be much wider.

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