Market Brief / 14-06-2017

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

The EUR/USD pair posted a rebound and broke above the 20- and 50-period moving averages.
The RSI lacks downward momentum. The key support at 1.1180 should limit the downside potential.

Hence, as long as this key level is not broken, a further rise to 1.1250 and even 1.1305 seems more likely to occur.
Alternatively, below 1.1180, expect a new downside with 1.1150 and 1.1120 as targets.

On the data slate there’s German CPI; UK Claimant Count Rate; UK Jobless Claims Change; UK Average Weekly earnings; UK Unemployment rate; UK Employment Change; Euro-Zone Industrial Production; US Mortgage Applications; US CPI; US Advance Retail Sales; US Business Inventories; US Crude Oil Inventories and US FOMC Rate Decision.

BUY EUR/USD @ 1.1200 OR BETTER – STOP @ 1.1150 – TARGET @ 1.1300 – no change
BUY GBP/USD@ 1.2750 OR BETTER – STOP @1.2700 – TARGET @ 1.2875
SELL USD/JPY @ 110.00 OR BETTER – STOP @ 110.50 – TARGET @ 109.00 – no change
BUY CL0717 @ 46.00 OR BETTER – STOP @ 45.20 – TARGET @ 48.00 – no change
BUY AUD/USD @ 0.7520 OR BETTER – STOP @0.7470 – TARGET @ 0.7600 – no change
BUY XAU @ 1265 OR BETTER – STOP @ 1258 – TARGET @ 1288 – no change
BUY XAG @ 17.00 OR BETTER – STOP @ 16.50 – TARGET @ 17.90 – 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.

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

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

Come and hang with us at http://steemspeak.com

IF YOU NEED TO
LEARN TO TRADE FOREX FOR FREE GO TO :

Forex Education Center / Volume I