EUR/USD is trading at 1.0835, 0.05% down since previous day close. During Wednesday’s early European session, the EUR/USD pair fluctuates around 1.0850. Current differences in monetary policy between the Fed and the ECB may narrow in light of the Eurozone’s hopes for economic recovery and indications of cooling in important US economic indices. Market may be in a phase of consolidation or be in a downturn. 1.08971 is the resistance, while 1.0829 is the nearest support.

US 30 is trading at 40203, 0.14% down since the previous day’s close. The U.S. stock index dropped, with technology equities experiencing fresh selling following the disappointing results of the second quarter from industry titans Tesla and Alphabet. Market trade saw a decrease in major tech equities. A gap down opening observed today indicates a bearish trend, according to daily chart analysis. If it breaks, the closest support is 40070; if it doesn’t, reach 39737 and 40562 for resistance.

WTI   is trading at 78.47, 0.10% down since previous day close. For the sixth straight session, the price of West Texas Intermediate Oil is falling; on Wednesday during Asian hours, it was trading at about 77.00 per barrel. This decline most likely occurs after a spike in hope related to possible cease-fire talks between Israel and Hamas. The daily chart analysis shows that today’s starting gap down indicates a bearish trend; the closest resistance is at 79.56, while the closest support is at 77.19.