Forex Daily Forecast, Analysis and Prediction

Yet the price looks well supported at 0.7450.

The range is likely to hold but resistance is more defined than support.

The euro fell a bit during the trading session on Monday, reaching down below the 1.1850 level.

The British pound initially fell during the trading session on Monday to reach down towards the 1.3850 level.

The Bitcoin market initially tried to rally during the trading session on Monday, but again has found lackluster momentum to say the least.

The NASDAQ 100 rallied again during the session on Monday as we continue to look towards the 15,000 level above.

The S&P 500 initially pulled back during the trading session on Monday, but then turned around to show signs of strength.

The CAC Index initially pulled back a bit during the trading session on Monday, but then turned around to rally again as most stock indices did.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Monday as the $75 level has offered a bit of resistance.

The gold markets were all over the place during the trading session on Monday, initially falling rather hard, but then turned around to form a bit of a hammer by the end of the day.

The ongoing unrest in South Africa has certainly put a dent on the currency as we continue to see the greenback pick up a bit of steam.

The DAX Index rallied a bit during the trading session on Monday, breaking towards the 15,775 level.

The BTC/USD pair is still in consolidation mode as investors wait for the next catalyst.

The GBP/USD pair tilted upwards ahead of the latest US inflation data and the upcoming UK reopening.

In the last two trading sessions of the past week, the EUR/USD currency pair attempted to correct upwards, after selling operations that pushed it towards the 1.1781 support level