EUR/USD intraday : as long as 1.1409 is support look for 1.1500
Our pivot point is at 1.1409.
Our preference: as long as 1.1409 is support look for 1.1500
Alternative scenario: below 1.1409, expect 1.1378 and 1.1360.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1411 and 1.1377).
Supports and resistances:
1.1537 **
1.1519 *
1.1500 **
1.1482
1.1443 last
1.1421
1.1409 **
1.1378 *
1.1360 **
https://charts.tradingcentral.com/charts/74_20250602143328.gif
Our pivot point is at 1.1409.
Our preference: as long as 1.1409 is support look for 1.1500
Alternative scenario: below 1.1409, expect 1.1378 and 1.1360.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1411 and 1.1377).
Supports and resistances:
1.1537 **
1.1519 *
1.1500 **
1.1482
1.1443 last
1.1421
1.1409 **
1.1378 *
1.1360 **
https://charts.tradingcentral.com/charts/74_20250602143328.gif
Crude Oil (WTI) (N5) Intraday: under pressure.
Pivot: 63.65
Our preference: short positions below 63.65 with targets at 61.90 & 61.50 in extension.
Alternative scenario: above 63.65 look for further upside with 64.20 & 65.00 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
65.00
64.20
63.65
62.71 Last
61.90
61.50
60.90
https://charts.tradingcentral.com/charts/174_20250602163230.gif
Pivot: 63.65
Our preference: short positions below 63.65 with targets at 61.90 & 61.50 in extension.
Alternative scenario: above 63.65 look for further upside with 64.20 & 65.00 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
65.00
64.20
63.65
62.71 Last
61.90
61.50
60.90
https://charts.tradingcentral.com/charts/174_20250602163230.gif
Gold Intraday: further advance.
Pivot: 3345.00
Our preference: long positions above 3345.00 with targets at 3390.00 & 3415.00 in extension.
Alternative scenario: below 3345.00 look for further downside with 3325.00 & 3300.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
3435.00
3415.00
3390.00
3372.44 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250602163834.gif
Pivot: 3345.00
Our preference: long positions above 3345.00 with targets at 3390.00 & 3415.00 in extension.
Alternative scenario: below 3345.00 look for further downside with 3325.00 & 3300.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
3435.00
3415.00
3390.00
3372.44 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250602163834.gif
Crude Oil (WTI) (N5) Intraday: the downside prevails.
Pivot: 63.65
Our preference: short positions below 63.65 with targets at 61.90 & 61.50 in extension.
Alternative scenario: above 63.65 look for further upside with 64.20 & 65.00 as targets.
Comment: a break below 61.90 would trigger a drop towards 61.50.
Supports and resistances:
65.00
64.20
63.65
62.59 Last
61.90
61.50
60.90
https://charts.tradingcentral.com/charts/174_20250602173920.gif
Pivot: 63.65
Our preference: short positions below 63.65 with targets at 61.90 & 61.50 in extension.
Alternative scenario: above 63.65 look for further upside with 64.20 & 65.00 as targets.
Comment: a break below 61.90 would trigger a drop towards 61.50.
Supports and resistances:
65.00
64.20
63.65
62.59 Last
61.90
61.50
60.90
https://charts.tradingcentral.com/charts/174_20250602173920.gif
Gold Intraday: further advance.
Pivot: 3345.00
Our preference: long positions above 3345.00 with targets at 3390.00 & 3415.00 in extension.
Alternative scenario: below 3345.00 look for further downside with 3325.00 & 3300.00 as targets.
Comment: the next resistances are at 3390.00 and then at 3415.00.
Supports and resistances:
3435.00
3415.00
3390.00
3371.27 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250602174154.gif
Pivot: 3345.00
Our preference: long positions above 3345.00 with targets at 3390.00 & 3415.00 in extension.
Alternative scenario: below 3345.00 look for further downside with 3325.00 & 3300.00 as targets.
Comment: the next resistances are at 3390.00 and then at 3415.00.
Supports and resistances:
3435.00
3415.00
3390.00
3371.27 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250602174154.gif
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5 things you need to know:
03/06/2025
📈 European stock markets opened slightly higher today as investors await the Eurozone’s key inflation data. With the European Central Bank (ECB) meeting approaching, traders are watching for signals that could impact interest rate decisions.
🛫 Airbus reported that aircraft deliveries in May dropped by 4%, bringing total year-to-date deliveries to 243. The ongoing delays highlight the challenges the aerospace industry still faces in stabilizing its production pipeline.
🛢️ Oil prices climbed due to concerns over supply disruptions from Iran, Russia, and Canada. These fears have tightened market sentiment, supporting prices despite broader uncertainty in global demand.
🇪🇺 At 1:00 PM Dubai time, the Eurozone CPI Flash Estimate y/y is due, with a forecast of 2.0%, down from the previous 2.2%. A higher-than-expected figure could likely strengthen the euro, while a lower number may ease pressure on the ECB.
🇺🇸 At 6:00 PM Dubai time, the U.S. JOLTS Job Openings report will be released, with a forecast of 7.11 million compared to 7.19 million previously. A stronger-than-expected number may likely signal labor market resilience and boost the U.S. dollar.
03/06/2025
📈 European stock markets opened slightly higher today as investors await the Eurozone’s key inflation data. With the European Central Bank (ECB) meeting approaching, traders are watching for signals that could impact interest rate decisions.
🛫 Airbus reported that aircraft deliveries in May dropped by 4%, bringing total year-to-date deliveries to 243. The ongoing delays highlight the challenges the aerospace industry still faces in stabilizing its production pipeline.
🛢️ Oil prices climbed due to concerns over supply disruptions from Iran, Russia, and Canada. These fears have tightened market sentiment, supporting prices despite broader uncertainty in global demand.
🇪🇺 At 1:00 PM Dubai time, the Eurozone CPI Flash Estimate y/y is due, with a forecast of 2.0%, down from the previous 2.2%. A higher-than-expected figure could likely strengthen the euro, while a lower number may ease pressure on the ECB.
🇺🇸 At 6:00 PM Dubai time, the U.S. JOLTS Job Openings report will be released, with a forecast of 7.11 million compared to 7.19 million previously. A stronger-than-expected number may likely signal labor market resilience and boost the U.S. dollar.
Gold Intraday: consolidation in place.
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
3405.00
3392.00
3378.00
3358.59 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603090150.gif
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
3405.00
3392.00
3378.00
3358.59 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603090150.gif
Crude Oil (WTI) (N5) Intraday: the bias remains bullish.
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
65.00
64.20
63.65
62.82 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603090451.gif
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
65.00
64.20
63.65
62.82 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603090451.gif
EUR/USD Intraday: consolidation in place.
Pivot: 1.1389
Our preference: long positions above 1.1389 with targets at 1.1453 & 1.1480 in extension.
Alternative scenario: below 1.1389 look for further downside with 1.1357 & 1.1313 as targets.
Comment: the break above 1.1389 is a positive signal that has opened a path to 1.1453.
Supports and resistances:
1.1530
1.1480
1.1453
1.1408 Last
1.1389
1.1357
1.1313
https://charts.tradingcentral.com/charts/74_20250603103300.gif
Pivot: 1.1389
Our preference: long positions above 1.1389 with targets at 1.1453 & 1.1480 in extension.
Alternative scenario: below 1.1389 look for further downside with 1.1357 & 1.1313 as targets.
Comment: the break above 1.1389 is a positive signal that has opened a path to 1.1453.
Supports and resistances:
1.1530
1.1480
1.1453
1.1408 Last
1.1389
1.1357
1.1313
https://charts.tradingcentral.com/charts/74_20250603103300.gif
Crude Oil (WTI) (N5) Intraday: intraday support around 62.25.
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
65.00
64.20
63.65
62.62 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603112841.gif
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
65.00
64.20
63.65
62.62 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603112841.gif
Gold Intraday: consolidation.
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: as long as the resistance at 3378.00 is not surpassed, the risk of the break below 3345.00 remains high.
Supports and resistances:
3405.00
3392.00
3378.00
3359.94 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603112842.gif
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: as long as the resistance at 3378.00 is not surpassed, the risk of the break below 3345.00 remains high.
Supports and resistances:
3405.00
3392.00
3378.00
3359.94 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603112842.gif
Crude Oil (WTI) (N5) Intraday: intraday support around 62.25.
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: a support base at 62.25 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
65.00
64.20
63.65
62.74 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603130735.gif
Pivot: 62.25
Our preference: long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario: below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment: a support base at 62.25 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
65.00
64.20
63.65
62.74 Last
62.25
61.70
61.10
https://charts.tradingcentral.com/charts/174_20250603130735.gif
Gold Intraday: consolidation in place.
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: as long as the resistance at 3378.00 is not surpassed, the risk of the break below 3345.00 remains high.
Supports and resistances:
3405.00
3392.00
3378.00
3356.99 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603130736.gif
Pivot: 3378.00
Our preference: short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
Alternative scenario: above 3378.00 look for further upside with 3392.00 & 3405.00 as targets.
Comment: as long as the resistance at 3378.00 is not surpassed, the risk of the break below 3345.00 remains high.
Supports and resistances:
3405.00
3392.00
3378.00
3356.99 Last
3345.00
3325.00
3300.00
https://charts.tradingcentral.com/charts/169_20250603130736.gif
EUR/USD Intraday: caution.
Pivot: 1.1370
Our preference: long positions above 1.1370 with targets at 1.1453 & 1.1480 in extension.
Alternative scenario: below 1.1370 look for further downside with 1.1357 & 1.1313 as targets.
Comment: the immediate trend remains up but the momentum is weak.
Supports and resistances:
1.1530
1.1480
1.1453
1.1396 Last
1.1370
1.1357
1.1313
https://charts.tradingcentral.com/charts/74_20250603133337.gif
Pivot: 1.1370
Our preference: long positions above 1.1370 with targets at 1.1453 & 1.1480 in extension.
Alternative scenario: below 1.1370 look for further downside with 1.1357 & 1.1313 as targets.
Comment: the immediate trend remains up but the momentum is weak.
Supports and resistances:
1.1530
1.1480
1.1453
1.1396 Last
1.1370
1.1357
1.1313
https://charts.tradingcentral.com/charts/74_20250603133337.gif
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Here’s a clear breakdown of how traders like you can build true confidence in the markets
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