Euro surged more than 1% off the January low with the rally now eyeing multi-month technical resistance. The EUR/USD battle lines that matter on the weekly chart.
Gold prices are poised to breakout of the January range- the battle lines are drawn into the close of the week. The levels that matter on the XAU/USD technical charts.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.