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Technical Analysis
T Analysis

While USD is under pressure, Gold is attracting more buyers.
The support rests at 1907.31 with resistance at 1926.08 which the weekly pivot point at 1910.27 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising above level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1950.

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T Analysis

There are no major economic reports in Japan but the US will publish Unemployment Claims and Continuing Claims.
The support rests at 104.370 with resistance at 104.880 which both lines are below the weekly pivot point at 105.420. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY is moving in bearish area. The bears may drag the price down towards 104.200.

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T Analysis

US markets finished yesterday in red. The US Unemployment Claims will be the most influential economic reports for EURUSD.
The support rests at 1.18160 with resistance at 1.18820 which both lines are above the weekly pivot point at 1.17450. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
While considering pullbacks on the way EURUSD is growing towards the upper Bollinger band at 1.19000.

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