The EURUSD pair shows clear rise now to breach 1.1780 and attempts to hold above it, which hints the price head to turn to rise, but we need to wait today’s close and tomorrow’s open until the volumes turn back to the normal situations at the markets followed by confirming the next destination clearly.

The major currencies pairs show weak trades since morning, affected by the holidays at most of the banks, to keep the suggested scenario in our previous reports valid without any change, being aware that there is a chance to witness mixed trades and high volatility by the time of the US session open, waiting the release of the unemployment and payrolls’ data, which urges caution from the upcoming trading.

Gold price succeeded to achieve our waited target at 1727.00 and attempts to breach the bearish channel’s resistance, which hints the price head to achieve more potential gains in the upcoming sessions, but we need to get a daily close above the mentioned level to confirm the continuation of the rise and open the way to head towards 1765.00.

On the other hand, we should note that failing to achieve the breach will put the price under negative pressure that its targets begin at 1692.00.

The EURUSD pair trades with clear positivity to test the key resistance 1.1780 now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for the upcoming period, supported by the EMA50, reminding you that our next target is located at 1.1605.