XAGUSD(silver) grinds higher
XAGUSD(silver) continues the comeback as prices hover at the 32.00 handle. The price is testing the top at 32.50 from the recent sharp sell-off. As a firm impulse develops, a bullish breakout would trigger a rally, opening the door to the next psychological level of 33.00. In the meantime, after the RSI showed a double top in the overbought area, the metal could seek support again at 32.25.
EURUSD steadily moving up
The dollar struggles to maintain its dominance over the euro as rumors of a trade war quiet down. The pair broke the 1.0400 level before moving lower as price action suggests a deceleration in the momentum. Support could be met with 1.0350, the first target. The higher break will need a confirmation above 1.0400, which will show that the upward bias is intact, with 1.0480 waiting on the horizon.
NAS 100 looks for another test
The Nasdaq rallies as improved sentiment showed a decent earning season so far. The direction remains up as pullbacks have been met with enthusiasm so far since dropping back down to 21000. As the index looks for another push to fresh highs, resistance could be likely at 21800. Its breach could gather more interest and send the price above 22000. A break above that area could turn the mood around in the medium term. 21450 is the immediate support, and 21100 is the second line of defense.