Honoring Me With Your Up Vote..
US dollar remained on the defensive, and EUR jumped 0.7% to $1.2031 as the European Central Bank’s December meeting minutes helped to boost investors’ expectations that the ECB is preparing to reduce its monetary stimulus program.
EUR/USD shot the upper bollinger band while striking the overhead resistance at 1.2060, and strong intraday bullish is maintained by the well-directed 20- and 50-period moving averages.
RSI has entered the over-bought area of the 70s, but shows no sign of a bearish divergence. Above 1.2060, the pair should move up to 1.2100.
On the data slate there’s US CPI; US Retail Sales Advance; US Real Average Weekly Earnings; US Real Average Hourly Earnings; US Business Inventories and US Baker Hughes US Rig Count.
SELL EUR/USD @ 1.2050 OR BETTER – STOP @ 1.2090 – TARGET @ 1.1960
SELL GBP/USD @ 1.3550 OR BETTER – STOP @ 1.3600 – TARGET @ 1.3465
BUY USD/JPY @ 111.10 OR BETTER – STOP @ 110.60 – TARGET @ 112.15
SELL CL0218 @ 63.65 OR BETTER – STOP @ 64.00 – TARGET @ 61.00
SELL AUD/USD @ 0.7880 OR BETTER – STOP @ 0.7920 – TARGET @ 0.7785
SELL XAU @ 1325 OR BETTER – STOP @ 1332 – TARGET @ 1298
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.65
What You Know About --> Fibonacci Retracement in Trending Market.
If You Are New Steemain Read --> Get Started Fast with Steemit.
If You are New in Forex --> Read Forex Education Center / Volume I.
If You Feel Invisible on Steemit --> Come and hang with us.
What You Know About --> Syrian Civil War.
