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EURUSD
For further momentum to build to the downside, 1,1474 needs to become resistance.
Key 4 hour level is 1.1405, firm break would confirm an end to the uptrend… On a daily chart, the level is 1.1371
On the upside, back above 1.1530 would negate the risk although 1.15 remain pivotal in setting its tone.
EURUSD 4 HOUR CHART
*Holiday Alert*
Here are the U.S. markets closed for Juneteenth (June 19, 2025) in bullet form:
Financial Markets
NYSE (New York Stock Exchange) – Closed
Nasdaq – Closed
U.S. bond markets – Closed
Options and futures trading (e.g., CME for U.S. products) – Closed
Banking
Federal Reserve – Closed
Major banks – Closed
XAUUSD
Failure to regain 3400+ keeps risk on the downside as long as it trades below it.
Some may call it a downtrend, others a retracement of the broader 3202-3452 range … see FIBOS below
Should 3366 be decisively broken, supports come in at 3338 and 3315 ahead of a key 3293 level, the base of the move to 3452 with FIBOS mixed in between.
XAUUSD 4 HOUR CHART
What’s Hot and What’s Not?
Today it depends on the latest headline and when you take a snapshot
What’s Hot?
Currencies up although still well off USD lows set earlier in the week
US stocks up (e.g. US500 back above 6000) after yesterday’s sell-off
What’s Not?
The USD, which failed to follow through on yesterday’s gains
Crude oil, which has had a wild ride today and is currently well off its highs
What’s HOT/NOT
Gold is on the sidelines, consolidating below 3400 as it struggles to regain its safe haven bid
Crude down, stocks up on this latest headline…. news algos reacting to keyword phrases
Markets leaning the wrong way react (crude dips, usd slips) on this headline but no smoking gun either way although suggests no US attack is imminent.
Little reaction to data… Weekly jobless claims as expected, big downside miss in Housing Starts
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