


NexusSovereignFX
Hitting resistance, and Bears showing momentum.
Swing opportunity, neckline broken. potential 90pip drop.
Bullish momentum and bullish candlestick formation on daily. The $1216-17 region might continue to act as an immediate resistance, above which the positive momentum could get extended towards $1221-22 supply zone. On the flip side, the $1209-07 region now becomes an immediate support to defend, which if broken might turn the commodity vulnerable to slide back...
Gold is flashing red in Asia, possibly due to gains in the US dollar - gold's correlated enemy. At press time, Gold is trading at $1,225 - down 0.25 percent on the day - and the dollar index (DXY) is reporting a 0.20 percent gain. Ahead of today's key event risk, the latest FOMC monetary policy update, investors seemed reluctant to place any fresh bets and...
Euro coming towards Buy area, while Dollar can be seen on a downward momentum.
Could be a beginning of an uptrend, lets wait and watch what the fundamentals say.
Possible role reversal of previous support becoming resistance.
Can attempt a quick scalp buy up too 1.28675 area,then start looking for sell opportunities, ('Depending' on where price is when market opens).