EUR/USD
Trend Theme：EUR/USD attracts some sellers below the mid-1.0900s, German CPI data, ZEW Survey eyed.
Trend Review：The EUR/USD pair trades weaker near 1.0938 for the fourth consecutive day during the early Asian session on Tuesday. The risk-off mood in the market drags risky assets like the Euro lower amid the rising tension in the Red Sea.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0968 * | 1.0985 ** | 1.1002 *** |
| 1.0951 | Support* | 1.0934 * | 1.0917 ** | 1.0900 *** |
Weekly forecast：
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GBP/USD
Trend Theme：GBP/USD drops toward 1.2700 on US Dollar rebound.
Trend Review：GBP/USD is falling toward 1.2700 in the European session on Monday. The US Dollar is finding fresh demand, as US bond yields inch higher, despite holiday-thinned market conditions. Mounting UK recession risks and geopolitical tensions add to the weight on the pair.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2757 * | 1.2787 ** | 1.2809 *** |
| 1.2735 | Support* | 1.2705 * | 1.2683 ** | 1.2653 *** |
Weekly forecast：
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WTI
Trend Theme：The impact of the Middle East conflict on crude oil production has not yet fermented, and the short and long battle 10 moving average.
Trend Review：Lingering energy market concerns on Monday continued to worry about potential supply chain disruptions and the possibility of production cuts by the Organization of the Petroleum Exporting Countries, weakening the global energy market’s ability to meet demand for fossil fuels, but record crude production by major non-OPEC countries such as the United States, And a surge in gasoline and other crude derivatives is hampering efforts by barrel traders to push up the cost of crude. Meanwhile, despite the limited impact of the conflict in the Middle East on crude production, oil prices fell slightly after the crude benchmark rose 2% last week.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 73.26 * | 73.98 ** | 74.92 *** |
| 72.33 | Support* | 71.61 * | 70.67 ** | 69.96 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold extends the rally above $2,050 on geopolitical tension.
Trend Review：Gold price posts modest gains above the $2,050 mark during the early Asian session on Tuesday. The escalating geopolitical tension in the Red Sea and the risk-off environment benefit a safe-haven asset like gold.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2059.86 * | 2065.64 ** | 2072.61 *** |
| 2052.89 | Support* | 2047.11 * | 2040.14 ** | 2034.36 *** |
Weekly forecast：
