EUR/USD

Trend Theme:EUR/USD continues to drift in technical consolidation range near 1.0900.
Trend Review:EUR/USD rose to a near-term high above 1.0930 on Wednesday after European Purchasing Managers’ Index figures surprised to the upside on the manufacturing component, while a broad forecast beat for US PMI data soured market sentiment and sent the pair lower.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0926 * | 1.0972 ** | 1.1011 *** |
| 1.0887 | Support* | 1.0841 * | 1.0802 ** | 1.0756 *** |
Weekly forecast:

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GBP/USD

Trend Theme:GBP/USD posts modest gains above 1.2700, investors await US GDP data.
Trend Review:The GBP/USD pair posts modest gains during the early Asian trading hours on Thursday. The major pair reclaims above the 1.2700 mark on the back of the risk-on sentiment. Nonetheless, the release of the preliminary US GDP growth numbers for the fourth quarter (Q4) on Thursday might trigger volatility in the market.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.2768 * | 1.2819 ** | 1.2863 *** |
| 1.2724 | Support* | 1.2673 * | 1.2629 ** | 1.2578 *** |
Weekly forecast:
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WTI

Trend Theme:EIA due to a sharp decline in inventories + China cut the reserve ratio, oil prices climbed 1% to nearly a month high.
Trend Review:A sharp drop in U.S. crude oil inventories and economic changes in key crude oil users on Wednesday led to a slight climb in crude oil prices to their highest levels in more than a month, but the contradiction between supply and demand continued to increase.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 76.17 * | 76.92 ** | 78.03 *** |
| 75.06 | Support* | 74.32 * | 73.20 ** | 72.46 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold declines ahead of packed Thursday.
Trend Review:The XAU/USD was spotted at $2,013 on Wednesday session following a sturdy 0.80% downward movement. The daily chart manifests a neutral to bullish stance, however, bulls are are in command in the overall trend.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2028.97 * | 2045.58 ** | 2054.43 *** |
| 2020.12 | Support* | 2003.51 * | 1994.66 ** | 1978.05 *** |
Weekly forecast:

