EURUSD remains sold since Friday. The preference is to sell from 1.0780 with TP 1.0762. Then below 1.0760 sell with TP 1.0750. Within the levels of 1.0750 and 1.0740 we expect buyers. If buying opens in Europe tomorrow 02/05, we prefer selling strategies as long as we are below 1.08. The European market opens with manufacturing data at 4:00 am ARG time. It is possible that volatility generates buying pressure and then turns to sales again.
GBPUSD remains sold since Friday. The preference is to sell from 1.2630 with TP 1.2620. Then at 1.2620 we need confirmation below to continue selling. If you confirm the price we continue selling until 1.26. Important caution between selling 1.2620 and 1.2610 as buyers will remain interested in this range.
USDCAD remains a buyer. The preference is buying until 1.3380 and 1.3390. Then within these maximums we expect a correction for purchases or if it is possible to hold above 1.3380 the buyers will extend to 1.35. Pay attention to the testimonies of FOMC members on Wednesday afternoon.
AUDUSD new annual lows recorded. Below 0.65 sales enter a selling range of up to 0.6450. If the price holds above 0.6520 we could consider possible buyers. Watch out for the Australian interest rate due early Tuesday morning Eastern Time.
XAUUSD remains a seller below 2040. The preference is a seller until 2030. Below 2030. If it confirms we will have market consolidation until 2024 with an extension until 2020. If it opens as a buyer above 2040 then the buyers will be able to stay until 2047 with a possible extension from 2050.
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