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EUR/USD Below 1.0700 on Weak PMI; Nasdaq Up on Nvidia Rally; Gold Steady at $2,360

By Research Team Friday, Jun 21, 2024

    • 11.30amD1
    • High1.0721
    • Low1.0671
    • Close1.0690

EUR/USD is trading at 1.0719, 0.10% down since the previous day’s close. EUR/USD remains vulnerable and trades below 1.0700. Early in June, according to German and Eurozone PMI data, it became difficult for the euro to hold its ground. It is challenging for the Euro to find demand, according to PMI data from Germany and the Eurozone. Germany’s HCOB Composite PMI dropped to 50.6 in the flash estimate for June. The closest resistance is 1.07424, and the nearest support is 1.0666.

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Intra Day
Near Day

Technical Levels

R3 1.0837
R2 1.0779
R1 1.0747
Turnaround 1.0700
S1 1.0700
S2 1.0666
S3 1.0595
By Research Team Friday, Jun 21, 2024

    • 11.35amD1
    • High19827.00
    • Low19690.00
    • Close19728.00

US100 is trading at 19765.14%, up from the previous day’s close. tech-heavy Nasdaq as better-than-expected U.S. retail sales data increased investor confidence about the Federal Reserve’s intention to ease monetary policy this year. Retail sales increased by 0.1% in May, according to a Commerce Department report, less than the 0.3% increase predicted by economists surveyed by Reuters US100. maintain their bullish momentum without any hurdle after publishing a retail sales report. Nasdaq climbed 0.13%, closed in green The nearest support on daily chart is 19600 and resistance is 20133.

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Intra Day
Near Day

Technical Levels

R3 20600.00
R2 20467.00
R1 20133.00
Turnaround 19650.00
S1 19580.00
S2 19120.00
S3 19000.00
By Research Team Friday, Jun 21, 2024

    • 11.40amD1
    • High2368
    • Low2355.00
    • Close2366.00

XAU/USD is trading at 2363, 0.17%, up since the previous day’s close. Thursday at $2,344, above the crucial confluence point. and dealt at $2365.64. At that point, the 50-day SMA and the colliding trendline resistance meet. This tipped the scales in favour of gold buyers as the price of gold confirmed an upside break on a daily chart, It will be crucial to overcome 2365 in order to reach the next resistance level, 2388. 2327 is the closest support number. After 2365, may we see some profit booking from the top.

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Intra Day
Near Day

Technical Levels

R3 2420.00
R2 2400.00
R1 2378.00
Turnaround 2345.00
S1 2327.00
S2 2300.00
S3 2290.00

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