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The EUR/USD failed to break above key resistance at 1.1230
and consolidated on the downside.
Also, the 20-period moving average has crossed below the 50, which is negative, and the RSI broke below a rising trend line which emerged Friday.
As long as 1.1230 holds, the pair is likely to test support at 1.1190;
a break below there would call for a further drop towards 1.1160.
On the data slate there’s UK CPI; UK Retail Price Index; German ZEW Survey; Euro-Zone ZEW Survey; US Small Business Optimism and US PPI Final Demand.
BUY EUR/USD @ 1.1200 OR BETTER – STOP @ 1.1150 – TARGET @ 1.1300
BUY GBP/USD @ 1.2650 OR BETTER – STOP @1.2600 – TARGET @ 1.2810
SELL USD/JPY @ 110.00 OR BETTER – STOP @ 110.50 – TARGET @ 109.00
BUY CL0717 @ 46.00 OR BETTER – STOP @ 45.20 – TARGET @ 48.00
BUY AUD/USD @ 0.7520 OR BETTER – STOP @0.7470 – TARGET @
BUY XAU @ 1265 OR BETTER – STOP @ 1258 – TARGET @ 1288
BUY XAG @ 17.00 OR BETTER – STOP @ 16.50 – TARGET @ 17.90
THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS AND IT IS NOT FOR EVERYONE.
Every comment, every upvote, every support is really appreciated.
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@lordoftruth
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