Market Brief / 28-12-2017

lordoftruth (71)in #forex • 8 years ago

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EUR/USD rebounded slightly due to lack of USD demand, as US dollar drifted lower wednesday. However, this will be temporary. EUR/USD pivot is at 1.1880, above this level we may see 1.1935. Below 1.1880 look for further downside with 1.1810 as target.

On the data slate there’s Euro-Zone Economic Bulletin; UK Mortgage Approvals; US Goods Trade Balance; US Initial Jobless Claims; US Continuing Claims; US Wholesale Inventories; US Chicago Purchasing Managers’ Index; US Crude Oil Stocks Change and US 7-Year Note Auction.

My Personal Trading Plan
SELL EUR/USD @ 1.1880 OR BETTER – STOP @ 1.1935 – TARGET @ 1.1810
SELL GBP/USD @ 1.3420 OR BETTER – STOP @ 1.3460 – TARGET @ 1.3365
BUY USD/JPY @ 113.10 OR BETTER – STOP @ 112.60 – TARGET @ 113.80
SELL CL0218 @ 59.80 OR BETTER – STOP @ 60.25 – TARGET @ 59.00
SELL AUD/USD @ 0.7780 OR BETTER – STOP @ 0.7820 – TARGET @ 0.7705
SELL XAU @ 1290 OR BETTER – STOP @ 1296 – TARGET @ 1278
SELL XAG @ 16.75 OR BETTER – STOP @ 17.10 – TARGET @ 16.00

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. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.

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#money #trending #market

8 years ago in #forex by lordoftruth (71)

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funatoz (63) 8 years ago

It's good to see your post and this the first time when I had see your stock related post. I think very soon the market will recover and give a good move.

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