Fakeout

FORECAST – GOLD, EUR/USD, NASDAQ 100Gold prices retreat after failing to sustain Monday’s brief bullish breakoutThe Nasdaq 100 also loses ground, dragged lower by the rebound in U.S. Treasury yieldsEUR/USD slides but finds support around…

AUD/USD OUTLOOK:AUD/USD extends pullback after failing to clear overhead resistance around the 100-day simple moving averageThe breakout that took place last week appears to have been a fakeoutThis article looks at AUD/USD’s key technical…

EUR/USD OUTLOOK:The euro falls sharply against the U.S. dollar, failing to sustain Monday’s breakoutWeak economic data in Europe weighs on the common currencyThe ECB’s policy decision may set the tone for the euro later this week Trade…