THIS WEEK'S TECHNICAL ANALYSIS

▸   Brent broke through $113 with the Hormuz stalemate keeping the bid alive.

▸   Gold bounced back to $4,600 from one-month lows.

▸   Bitcoin slipped to $76K trying to defend $74K.

▸   EUR/USD broke 1.1667 support and is hitting fresh lows.

Brent above $113

Hit a 4-year high on the Strait of Hormuz stalemate. $111 was support and $115 is the next test up while war headlines drive every move right now.

Gold at $4,600

Rebounded off one-month lows on Iran headlines. The $5,000 level is now overhead resistance after gold lost it earlier this month and $4,500 is the floor underneath.

Bitcoin at $76,316

Slid lower this week and is trying to hold $74K. A break of $74K opens the next leg down while a recovery needs $78K back overhead first.

EUR/USD at 1.1670

Lost the 1.1667 floor and is hitting fresh lows. The ECB held rates at 2% today and 1.15 is the next downside target if the slide continues.

WHAT TO WATCH

NFP drops Friday at 12:30 GMT. After the ECB held today and Brent ripped to a 4-year high the dollar trade is on edge. A hot jobs print pulls the dollar higher and weighs on gold and crypto while a miss flips the trade. Set your stop before you click because spreads widen on releases like this.