Honoring Me With Your Up Vote..
US dollar got little help from the Fed’s rate-setting announcement as the US Federal Reserve kept its key interest rates unchanged. As expected, Fed officials pointed out that inflation could accelerate this year, reiterating plans to raise rates gradually.
EUR/USD is under pressure. The Pair retreated from 1.2475 and broke below its 20- and 50-period moving averages. Additionally, the death cross between 20- and 50-period moving averages has been identified.
RSI calls for a drop. As long as 1.2445 holds on the upside, look for a return with target at 1.2270. Alternatively, a break above 1.2445 would trigger a rebound with 1.2475 as target.
On the data slate there’s Switzerland Consumer Confidence; Switzerland Retail Sales Real; Switzerland PMI Manufacturing; German Manufacturing PMI; Euro-Zone Manufacturing PMI; UK Manufacturing PMI; US Initial Jobless Claims; US Construction Spending; US ISM Manufacturing; US ISM Employment and US ISM Prices Paid.
SELL EUR/USD @ 1.2400 OR BETTER – STOP @ 1.2460 – TARGET @ 1.2270
SELL GBP/USD @ 1.4210 OR BETTER – STOP @ 1.4260 – TARGET @ 1.4075
BUY USD/JPY @ 108.90 OR BETTER – STOP @ 108.30– TARGET @ 109.80
SELL CL0318 @ 64.80 OR BETTER – STOP @ 65.30 – TARGET @ 63.65
SELL AUD/USD @ 0.8060 OR BETTER – STOP @ 0.8110 – TARGET @ 0.7980
SELL XAU @ 1345 OR BETTER – STOP @ 1353 – TARGET @ 1325
SELL XAG @ 17.30 OR BETTER – STOP @ 17.80 – TARGET @ 16.60
