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Forex and Commodities Technical Levels on Friday

The dollar and riskier trade-exposed currencies found some support on Friday as fresh hopes for a breakthrough in Sino-US trade talks were tempered with caution. Technical indicators are ready to dominate the market, watch out important levels today.

EUR/USD – Technical Levels

Support Resistance

1.0998 1.1037

1.0974 1.1052

1.0936 1.109

Key Trading Level: 1.1013

USD/JPY – Technical Levels

Support Resistance

108.19 108.72

107.94 109.02

107.41 109.55

Key Trading Level: 108.48

GBP/USD – Technical Levels

Support Resistance

1.2841 1.2905

1.2801 1.2929

1.2738 1.2992

Key Trading Level: 1.2865

GOLD – XAU/USD – Technical Levels

Support Resistance

1465.42 1476.06

1459.45 1480.73

1448.81 1491.37

Key Trading Level: 1470.09

WTI Crude Oil – Technical Levels

Support Resistance

56.55 57.64

56.1 58.28

55.01 59.37

Key Trading Level: 57.19

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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