Market Brief / 14-07-2017

Thank You For Your Support and For Honoring Me With Your Up Vote...

The EUR/USD pair is trading within a bearish channel, which confirms a negative outlook. The declining 50-period moving average is playing a resistance role and maintains the downside bias.

The RSI is below its neutrality level at 50. As long as 1.1430 holds on the upside, look for a further drop towards 1.1370 and even 1.1320 in extension. Only a break above 1.1430 would turn the outlook to positive with up targets at 1.1455 and 1.1485.

On the data slate there’s Euro-Zone Trade Balance; US CPI; US Real Avg. Weekly Earnings; US Advance Retail Sales; US Industrial Production; US Capacity Utilization; US Manufacturing Production; US Fed’s Kaplan Speaks in Mexico City; US U. of Michigan Confidence; US Business Inventories and US Baker Hughes US Rig Count.

BUY EUR/USD @ 1.1400 OR BETTER – STOP @ 1.1350 – TARGET @ 1.1485
BUY GBP/USD @ 1.2910 OR BETTER – STOP @ 1.2860 – TARGET @ 1.3000
SELL USD/JPY @ 113.10 OR BETTER – STOP @ 113.60 – TARGET @ 112.20
BUY CL0817 @ 45.50 OR BETTER – STOP @ 45.00 – TARGET @ 46.30
BUY AUD/USD @ 0.7710 OR BETTER – STOP @ 0.7660 – TARGET @ 0.7780
BUY XAU @ 1215 OR BETTER – STOP @ 1210 – TARGET @ 1235
BUY XAG @ 15.70 OR BETTER – STOP @ 15.20 – TARGET @ 16.50

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 AND IT IS NOT FOR EVERYONE.

If You Are New Steemain Read  --> Get Started Fast with Steemit.   

If You Feel Invisible on Steemit  --> Come and hang with us.   

If You are New in Forex  --> Read Forex Education Center / Volume I.   

Every comment, every upvote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
Samer