EUR/USD
Trend Theme：EUR/USD trapped below 1.09 as quiet Monday markets churn.
Trend Review：EUR/USD churned on Monday just below 1.0900 as the new trading week kicks things off on a notably light note. Meaningful data remains limited for the first half of the trading week, leaving Fiber traders to shuffle in place as investors await Wednesday’s key PMI figures for both the EU and the US.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 1.0895 * | 1.08966 ** | 1.09013 *** |
| 1.08919 | Support* | 1.08903 * | 1.08872 ** | 1.08825 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY Price Analysis: Technicals suggest further downside seen.
Trend Review：USD/JPY has come under intense selling pressure below 157.00 early Friday. The Japanese Yen picks up bids even as risk flows return in European trading, maintaining the US Dollar weakness-driven downside in the pair. The pair awaits fresh catalysts.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 156.798 * | 156.885 ** | 157.086 *** |
| 156.684 | Support* | 156.597 * | 156.483 ** | 156.282 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices hit a new low in more than a month, and U.S. crude oil fell below the 200-day moving average. Weak fundamentals hit bullish morale.
Trend Review：Oil prices fell for a second straight day on Monday and hit their lowest level in more than a month as investors shrugged off U.S. President Joe Biden’s decision to end his re-election campaign and focused instead on signs of rising inventories and weak demand.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 78.57 * | 78.669 ** | 78.948 *** |
| 78.39 | Support* | 78.291 * | 78.111 ** | 77.832 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price remains on the defensive below $2,400 mark, over one-week low.
Trend Review：Gold price struggles to attract any meaningful buyers during the Asian session on Tuesday and languishes near a one-and-half-week low touched the previous day. Biden’s withdrawal from the US Presidential race and unexpected interest rate cuts by the People’s Bank of China boosted the global risk sentiment on Monday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2405.12 * | 2406.99 ** | 2412.55 *** |
| 2401.43 | Support* | 2399.56 * | 2395.87 ** | 2390.31 *** |
Weekly forecast：
