MHMarkets：2024.03.25 MHM European Time Analysis

Date: 2024.03.25 MHM European Time Analysis

The forex market saw the U.S. dollar continuing its strengthening trend against other major currencies, with the dollar index reaching 104.41. The EUR/USD and GBP/USD experienced declines despite some economic indicators outperforming expectations, such as Germany's Ifo business climate index and the U.K.'s unchanged retail sales, against a backdrop of anticipated declines. The Canadian dollar weakened against the U.S. dollar following a larger-than-expected drop in retail sales, while Bitcoin saw a slight rebound over the weekend after a drop on Friday.

In the stock market, the Nasdaq 100 managed a slight gain, setting a record close, though the Dow Jones and S&P 500 saw declines. Sector-wise, technology and utilities stocks gained, while real estate, financial, and consumer discretionary sectors faced pressure. Nvidia and Alphabet posted significant gains, whereas Nike and Lululemon Athletica experienced notable declines after issuing warnings on their financial outlooks. European markets showed mixed results, and commodities like WTI crude oil and gold saw retractions from their recent highs.

The Asian session indicated a slight recovery in the EUR/USD and GBP/USD, while USD/JPY saw a minor decline. Gold prices rebounded, and Bitcoin remained relatively steady.

Looking ahead, the market's attention will be on the U.S. economic indicators, including the Chicago Fed national activity index, new home sales, and the Dallas Fed manufacturing index, which are expected to provide further insights into the economic landscape and potentially influence market sentiments and movements.

Gold (XAUUSD) Technical Analysis
Resistance levels:	2185.60; 2208.45
Support levels:	2152.90; 2123.89
The 4-hour chart for gold shows recent resistance near 2185.60; 2208.45 and support near 2152.90; 2123.89. The breakthrough or failure to break through these support and resistance levels will be used as a basis for future market analysis.Note: The above strategy update was provided on March 25th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

Crude Oil (USOUSD) Technical Analysis:
Resistance levels:	81.94; 83.00
Support levels:	80.65; 79.71
The 4-hour chart for US crude oil indicates resistance levels near 81.94; 83.00 and support levels near 80.65; 79.71. Future market analysis will depend on the breakthrough or failure to break through these support and resistance levels.Note: The above strategy update was provided on March 25th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

EUR/USD Technical Analysis:
Resistance levels:	1.0840; 1.0866
Support levels:	1.0795; 1.0764
The 4-hour chart for the Euro against the US Dollar shows resistance levels near 1.0840; 1.0866 and support levels near 1.0795; 1.0764. The breakthrough or failure to break through these support and resistance levels will be used as a basis for future market analysis.Note: The above strategy update was provided on March 25th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

GBP/USD Technical Analysis:
Resistance levels:	1.2655; 1.2703
Support levels:	1.2581; 1.2541
The 4-hour chart for the British Pound against the US Dollar indicates resistance levels near 1.2655; 1.2703 and support levels near 1.2581; 1.2541. Future market analysis will depend on the breakthrough or failure to break through these support and resistance levels.Note: The above strategy update was provided on March 25th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.