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US dollar traded higher after a tax-cut bill was passed by the US Senate at the start of the weekend. The ICE Dollar Index returned to levels above 93.00 level, and USD/JPY touched 112.98 on the upside, its highest intraday level since November 17.
EUR/USD posted a bearish gap at the open, and is currently testing the immediate support at 1.1855 and is trading at levels below the descending 20-period moving average, which stands below the 50-period one.
RSI is badly-directed below the neutrality level of 50, signalling further downward momentum for the pair. If intraday bearishness persists, crossing below 1.1855 would trigger a further decline toward 1.1820. Only a break above the key resistance at 1.1950 would bring about a bullish reversal.
On the data slate there’s UK PMI Construction; Euro-Zone Investor Confidence; Euro-Zone PPI; US ISM NY Index – Business Conditions; US Factory Orders and US 3- and 6-Month Bill Auctions.
SELL EUR/USD @ 1.1875 OR BETTER – STOP @ 1.1955 – TARGET @ 1.1820
SELL GBP/USD @ 1.3480 OR BETTER – STOP @ 1.3535 – TARGET @ 1.3380
BUY USD/JPY @ 112.65 OR BETTER – STOP @ 112.00 – TARGET @ 113.35
SELL CL0118 @ 57.90 OR BETTER – STOP @ 58.50 – TARGET @ 56.60
SELL AUD/USD @ 0.7610 OR BETTER – STOP @ 0.7660 – TARGET @ 0.7525
SELL XAU @ 1276 OR BETTER – STOP @ 1283 – TARGET @ 1265
SELL XAG @ 16.50 OR BETTER – STOP @ 17.00 – TARGET @ 15.70
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Thanks for the updates :)
good information
good post i like and upvoted
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Great update for Forex trading .useful info
thanks for sharing
100% like and resteem
This post has received a 14.76 % upvote from @booster thanks to: @lordoftruth.
Thanks for sharing.