The EUR/USD is trying to hold on at 1.13 support as the US$ closed lower for the day. The softer US$ helped to lift Gold and the Cable but the AUD/USD is a bit weaker and the Kiwi is holding steady. US stocks closed a bit lower as market participants continue to digest inflation implications.

Data:

DXY daily: lower on the day:

Markets:

S&P500 4hr: low momentum here at the moment so watch for any new TL b/o:

ASX-200 4hr: low momentum here too at the moment so watch 7,400 and for any new TL b/o:

Gold 4hr: holding above $1,850 so watch for any push higher, especially if the US$ weakens:

EUR/USD 4hr: two charts to check here:

EUR/USD 4hr: holding near the key 1.13; this being the daily chart’s 61.8% Fibonacci. Watch 1.13 and the new triangle trend lines for any b/o:

EUR/USD 4hr: expanded: note the triangle trend lines:

AUD/USD 4hr: weaker despite the lower US$:

AUD/JPY 4hr: watch 83 for any new b/o:

NZD/USD 4hr: low momentum here too at the moment so watch 0.70 and for any new TL b/o:

GBP/USD 4hr: a new TL b/o BUT watch 1.35 for any new b/o:

USD/JPY 4hr: watch 114 for any new b/o:

GBP/JPY 4hr: watch 154 for any new b/o: