a quick review of some majors ahead of tomorrow numbers…. (for EUR/USD, please read todays the full report):
Next levels of resistance 1.0340 (price at it right now) and 1.0420 area.
The support area starting at 1.5125 was tested twice and it is not holding at the second test. Below 1.5049, the 1.4850 is possible
Support at 97.70 is currently holding with price right at the resistance area starting at 99.50. Above 100.05 the 103.30 target level is confirmed and price could move there according to our model of Program Trading on Japanese Yen.
The pair continued lower as anticipated into the indicated area at 0.8910 and could continue lower into 0.8850. Once price gets there, our model shows two potential scenarios. A move higher as indicated in the last review (see above link) or further weakness and a continuation lower into the 0.8595 area before a potential bounce
Please, consider subscribing my Newsletter for free so I can keep sending updates to you, it only takes few seconds:
Thank you for subscribing should you decide to do so. Lots of other people are doing the same.
If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.
Have a good day