Honoring Me With Your Up Vote..
US markets were closed Monday for the Martin Luther King Jr. Day holiday. US dollar showed further weakness in face of a rallying euro.
EUR/USD posted its third day of solid gains against the dollar, lifted by progress on a governing alliance in Germany and hints the ECB may soon phase out its giant bond-buying program.
RSI stands firmly above its neutrality level at 50. Above 1.2230, look for a new advance with target at 1.2345. Alternatively, below 1.2230, expect a return with 1.2155 as target.
For the first time since the Brexit vote in June 2016, the British pound jumped across the US$ 1.3800 level touching US$1.3819.
On the data slate there’s German Wholesale Price Index; German CPI; UK Retail Price Index; UK House Price Index; UK PPI; UK CPI; US Empire State manufacturing Index; US 4-Week Bill Auction; US 3- and 6-Month Bill Auctions and Switzerland SNB Chairman Jordan Speech.
SELL EUR/USD @ 1.2295 OR BETTER – STOP @ 1.2340 – TARGET @ 1.2210
SELL GBP/USD @ 1.3810 OR BETTER – STOP @ 1.3870 – TARGET @ 1.3700
BUY USD/JPY @ 110.70 OR BETTER – STOP @ 110.30 – TARGET @ 111.50
SELL CL0318 @ 64.40 OR BETTER – STOP @ 64.80 – TARGET @ 63.65
SELL AUD/USD @ 0.7970 OR BETTER – STOP @ 0.8010 – TARGET @ 0.7865
SELL XAU @ 1345 OR BETTER – STOP @ 1352 – TARGET @ 1330
SELL XAG @ 17.30 OR BETTER – STOP @ 17.70 – TARGET @ 16.60
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.
