Market Brief / 22-06-2017

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The EUR/USD pair is supported by a rising trend line since Tuesday, which confirms a positive outlook.

The upward momentum is further reinforced by ascending 20- and 50-period moving averages.

As long as 1.1130 holds, look for a new challenge to 1.1185 and even 1.1220 in extension.

Alternatively, if the 1.1130 level cannot support, we may see the prices lower to 1.1100 and 1.1080 as targets.

On the data slate there’s Euro-Zone ECB Published Economic Bulletin; UK CBI Trends Total Orders; US Initial Jobless Claims; US Continuing Claims; US House Price Index; Euro-Zone Consumer Confidence; US Fed’s Powell Speaks Before Senate Banking Committee; US Leading Indicators; US Kansas City Fed Manufacturing Activity and Switzerland SBB’s Maechler Speaks in Zurich.

BUY EUR/USD @ 1.1130 OR BETTER – STOP @ 1.1100 – TARGET @ 1.1220
– no change

BUY GBP/USD@ 1.2620 OR BETTER – STOP @1.2570 – TARGET @ 1.2710
– no change

SELL USD/JPY @ 111.30 OR BETTER – STOP @ 111.80 – TARGET @ 110.70
BUY CL0817 @ 42.50 OR BETTER – STOP @ 42.00 – TARGET @ 45.00

BUY AUD/USD @ 0.7560 OR BETTER – STOP @ 0.7510 – TARGET @ 0.7620
– no change

BUY XAU @ 1250 OR BETTER – STOP @ 1245 – TARGET @ 1265

BUY XAG @ 16.50 OR BETTER – STOP @ 16.00 – TARGET @ 17.30
– no change

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.

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