Market Brief / 11-12-2017

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EUR/USD marked a day-low of 1.1728 before closing at 1.1764. The pair posted a losing streak of six sessions losing 130 pips, and continues a rebound toward the key resistance at 1.1780.

RSI has broken above the neutrality level of 50. So caution is advised. In case the level of 1.1780 holds firmly as the key resistance, the pair could return to 1.1745 on the downside. However, breaking above 1.1780 would bring about a bullish reversal and trigger a further advance toward 1.1800 on the upside.

US stocks posted further gains, boosted by a solid November jobs report. The US labour Department reported that the economy added 228,000 non-farm payrolls in November.

On the data slate there’s UK 10-Year Bond Auction; US Job Openings and US 10-year Note Auction.

My Personal Trading Plan
SELL EUR/USD @ 1.1780 OR BETTER – STOP @ 1.1830 – TARGET @ 1.1680
SELL GBP/USD @ 1.3410 OR BETTER – STOP @ 1.3460 – TARGET @ 1.3320
BUY USD/JPY @ 113.30 OR BETTER – STOP @ 112.80 – TARGET @ 114.10
SELL CL0118 @ 57.20 OR BETTER – STOP @ 57.65 – TARGET @ 55.70
SELL AUD/USD @ 0.7530 OR BETTER – STOP @ 0.7580 – TARGET @ 0.7465
SELL XAU @ 1252 OR BETTER – STOP @ 1259 – TARGET @ 1235
SELL XAG @ 15.80 OR BETTER – STOP @ 16.30 – TARGET @ 15.30

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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