Daily Analysis 2014-05-20
EURUSD- The euro is currently trading at 1.3707, the MA-100 & 50 on the 1 hour graph. If the euro drops below this level, it can go down to 1.3630, the MA- 200 on the daily graph. If the euro fails to cross 1.3707, it can go up to 1.3750, followed by 1.3800.
GBPUSD- The pair is currently trading at 1.6812, the MA 50/20 on the 1 hour graph. If the pound breaks below this level, it can go to 1.6730. If it fails to break it can go up to 1.6860, followed by 1.6900.
USDJPY- The USD is still strong against the yen, and it seems like this trend will continue. The pair may go up to-101.80, followed by 102.00 and 102.40.
GOLD- Gold is close to 1293, the MA-200 on the 1 hour graph. It can go down to 1290, followed by an increase to 1297 and then 1302.
Important data for today:
GBP-11:30- CPI y / y