Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 1.18685 with take profit at key level 1.18421. Alternative scenario: Buy if price trades above 1.18881 with take profit at 1.19122. Fundamentals:No major economic data with bearing on the pair. Comment: The Euro has seen significant gains after the passage of the Euro stimulus …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00 Alternative scenario: Sell position is envisaged if price trades below 1939.00 with take profit at key level at 1933.00 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims Comment: The strength …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12703 with take profit at 1.12256. Alternative scenario: Buy position is envisaged if price trades above 1.13223 with take profit at 1.13699. Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The common currency benefited from the decision of the European Central Bank (last week) to increase bond purchases to help the weakest economies …
