|The Euro gains at the start of the new week after the news that Marine Le Pen won the second position at French vote but without chances to became the new French president. The French election is the factor that moves the forex market and the Euro will continue gains against the dollar till Friday end of trading. It is widely expecting Emmanuel Macron to win the elections in France.
The trading strategy of World-Signals.com this week is to open long EURUSD positions at technical corrections time with target above 1.09.
Also you can focus over the ECB Interest rates decisions on Thursday but it is not expecting changes of the current interest rates level.
|The pound in the last two days of the prior week hit the resistance level at 1.2575. GoForecasts.com set the target for GBP/USD at 1.2440. The target is valid for the whole week as the current level is at 1.2523.
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|This week the most important news is far in the last business day of the week. The Unemployment report and NonFarm Payrolls are on focus. It is expecting worse results than a prior week. Nevertheless the dollar gains in the last 4 days by last week and stop the gains today.
The current support level is at 1.0595 while we found resistance at 1.0730.
World-Signals.com trading strategy this week is to open long EURUSD position with target above 1.0730 close to 1.08 level when is possible turn down at current levels.
|Spot Gold price may reach to levels of $1257 per ounce when may turn back. GoForecasts.com will use as stop loss levels above $1264 with target below $1245. The trading recommendation is valid for the next 6 days.
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|It is started a very dynamic week for the forex market according to World-Signals.com. Undoubtedly the main focus this week is on Wednesday Fed interest rates decision. It is widely expecting Fed to hike the interest rates with 25 bps to 1.00% but the signals after that may push the market into new trend. Currently the EURUSD consolidate at levels of 1.06.
Almost all economic news from United States in the last couple of months is positive but that do not allow the dollar to gain.
On the other side of the Atlantic in the second economic in Euro Zone France is close to very important elections that may change anything. The France elections are on April 23rd and probably second tour one week later.
For EURUSD the first support is formed at 1.0495 while we see resistance at 1.0715 and 1.0830.
World-Signals.com trading strategy this week is trading within the support/resistance levels as the effect of Fed interest rates hike is already generated by the market.