EURUSD Analysis
EUR/USD Stalls Below 1.1400 – Range Persists
EUR/USD remains capped under 1.1407 resistance. Price stuck between 1.1407 and 1.1300 as RSI hovers near 50 and Ichimoku cloud limits bullish momentum.
EUR/USD continues to consolidate below the 1.1400 resistance zone, repeatedly failing to reclaim the 1.14073–1.14062 supply area. Bullish momentum remains limited due to the bearish Ichimoku cloud acting as overhead resistance. Support at 1.13000 continues to hold, keeping the pair confined within a narrow trading range. A confirmed breakout above 1.1407 could shift momentum in favor of the bulls, while a drop below 1.1300 may accelerate a move toward 1.12642 and 1.11466. The RSI remains neutral around the 50 level, signaling no clear trend dominance.
BRENT Analysis
Brent Oil Tests Supply Zone – Will Bulls Break Through?
Brent rebounds from $60.89 and eyes $63.36–$66 resistance. RSI above 57 signals bullish pressure, but rejection may lead back to $60.89.
Brent crude oil rebounded sharply from the green demand zone at $60.89, climbing toward the $63.36 resistance level. The price is now testing the edge of the bearish Ichimoku cloud and approaching the previous supply block between $64 and $66. A sustained rejection from this area could lead to another pullback toward the $60.89 support. On the flip side, a breakout above the $66 zone would pave the way for a move toward the broader resistance at $68.70. RSI is rising above 57, indicating growing bullish momentum, though the price remains vulnerable unless the upper supply zone is cleared.
XAGUSD (Silver) Analysis
Silver Struggles Below $33.52 – Double Top Risk
Silver faces resistance at $33.52 again. RSI at 68 hints at bullish momentum, but a bearish divergence could emerge if price fails to break higher.
Silver price approached the $33.52 resistance level but is once again showing weakness near this supply area, which had previously triggered a sell-off. Price action suggests the potential for a double top formation unless $33.52 is decisively broken. The next key level to watch is the support at $32.08. The Ichimoku cloud is beginning to turn slightly bullish, and RSI remains elevated at 68. However, a bearish divergence could form if momentum stalls and fails to push above resistance.
XAUUSD (Gold) Analysis
Gold Rejected Below $3,400 – Support at $3,310 in Focus
Gold pulls back after rejection near $3,400. Holding $3,310–$3,331 could spark another rally, but RSI cooling signals consolidation risk.
Gold recently broke above the $3,257 resistance but faced immediate rejection near the $3,400 zone, forming a bearish wick and pulling back. The $3,310–$3,331 region now serves as intraday support. A sustained hold above this area could fuel another attempt toward the $3,400+ level, while a break below may trigger a retest of the key $3,257 support. The Ichimoku cloud has turned bullish, but RSI has slightly declined from overbought territory, indicating the rally may need to consolidate before resuming.
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