Thank You For Your Support and For
Honoring Me With Your Up Vote...
EUR/USD pair remains on the downside while scaling the lower Bollinger band, calling for acceleration to the downside.
RSI has fallen, indicating continued downward momentum for the year. In case the pair breaks 1.1810 on the downside, it should target 1.1780. Only a break above the key resistance at 1.1880 would bring about a bullish reversal.
Oanda’s Stephen Innes thinks further buying will be capped as not many in the market have the inclination to carry an open position into the holidays given the risk of the Catalonian election result blowing up into a crisis.
On the data slate there’s German Consumer Confidence; Switzerland Leading Indicator; UK GDP; UK Total Business Investment; US Personal Income; US Personal Spending; US Durable Goods; US New Home Sales; US U. of Michigan Sentiment; US Kansas City Fed manufacturing Activity and US Baker Hughes US Rig Count.
My Personal Trading Plan
SELL EUR/USD @ 1.1850 OR BETTER – STOP @ 1.1905 – TARGET @ 1.1780
SELL GBP/USD @ 1.3375 OR BETTER – STOP @ 1.3440 – TARGET @ 1.3275
BUY USD/JPY @ 113.10 OR BETTER – STOP @ 112.60 – TARGET @ 113.80
SELL CL0218 @ 58.10 OR BETTER – STOP @ 58.70 – TARGET @ 57.00
SELL AUD/USD @ 0.7720 OR BETTER – STOP @ 0.7760 – TARGET @ 0.7630
SELL XAU @ 1269 OR BETTER – STOP @ 1275 – TARGET @ 1250
SELL XAG @ 16.15 OR BETTER – STOP @ 16.60 – TARGET @ 15.30
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. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.
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.