EUR/USD

Trend Theme:EUR/USD rebounds amid escalated geopolitical turmoil, hovers around 1.0650.
Trend Review:EUR/USD edges up to near 1.0650 during the Asian session on Monday, recovering from a five-month low of 1.0622 reached last Friday. The US Dollar gained ground due to increased dollar-buying due to geopolitical turmoil, which contributed to downward pressure on the pair.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0709 * | 1.0773 ** | 1.0816 *** |
| 1.0666 | Support* | 1.0602 * | 1.0559 ** | 1.0496 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen refreshes multi-decade low against USD, bears not ready to give up yet.
Trend Review:The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 153.56 * | 153.87 ** | 154.36 *** |
| 153.08 | Support* | 152.77 * | 152.28 ** | 151.97 *** |
Weekly forecast:

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WTI

Trend Theme:WTI oscillates in range around $85.00 mark despite worsening Middle East crisis.
Trend Review:West Texas Intermediate US crude Oil prices fail to lure buyers despite Iran’s attack on Israel over the weekend and seesaws between tepid gains/minor losses during the Asian session on Monday. The commodity trades just below the $85.00/barrel mark, nearly unchanged for the day.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 86.40 * | 87.83 ** | 88.62 *** |
| 85.60 | Support* | 84.17 * | 83.37 ** | 81.94 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold regains poise above $2,350 amid Iran-Israel conflict.
Trend Review:Gold price resumes uptrend on Middle East escalation after Iran attacked Israel over the weekend. US Dollar stays uninspired by geopolitical tensions, as risk sentiment remains in a sweeter spot. Gold likely to stay supported ahead of top-tier US Retail Sales data.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2405.95 * | 2467.60 ** | 2503.60 *** |
| 2369.95 | Support* | 2308.30 * | 2272.30 ** | 2210.65 *** |
Weekly forecast:

