Bullish traders have received a strong impulse.

Bullish traders have been on the offensive for five consecutive days.

The odds are high that EUR/USD will continue its upward movement in the coming days, as it is currently above 1.1610, where the 200 EMA is located, and above the 21 SMA, suggesting bullish potential.

If the 200 EMA resistance around $4,777 proves strong, we could see this area as an opportunity to open short positions, waiting for gold to return to the lower band of the ascending trend channel located at $4,730.

If crude oil continues under downward pressure, consolidates below $88.86, where the 200-day EMA is located, and breaks sharply below the ascending trend channel, it could continue falling and reach the 6/8 Murray level around $75 per barrel. This could be the expected target if the price settles below this area.

Traders also appear hesitant and prefer to wait for key U.S. consumer inflation data.

AUD/JPY is expected to consolidate its strong weekly gains recorded over the past four days.

Level and Target Adjustments for the U.S. Session – April 10th

USD/JPY: Tips for Beginner Traders on April 9th (U.S. Session)

GBP/USD: Tips for Beginner Traders on April 10th (U.S. Session)