The USD was supported by the ECB regarding quantitative easing for another 9-months.
The support rests at 1263.85 with resistance at 1270.25 which both lines are below the weekly pivot point at 1288.83. The EMA of 10 is moving with bearish bias and it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally in oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 1250.

gold analysis