Technical analytics

The softer tone in the US Dollar allowed gold to strengthen. 

Bulls’ attempt to recover some ground failed. 


The 12300 level rejected DAX again. 

S&P500 bulls took a breather after meeting technical resistance at 2470. 

The euro continues to trade in negative ground. 

The pound finally set its course after a week of directionless trades. 

The upward trajectory lost steam around 111.00.

Buyers failed to retake 143.00 on Tuesday and gave up their gains right after touching the hurdle.

After reaching 130.50 buyers did not find any reason to move the pair higher.

Technically, the U.S. currency maintained control of the flows.