Market Brief / 18-09-2017

EUR/USD pair is supported by a rising trend line since September 14, which confirmed a positive outlook. The ascending 50-period moving average is playing a support role. The RSI lacks downward momentum.

To conclude, as long as 1.1920 is not broken, look for a further advance to 1.1960 and even to 1.2020 in extension. Alternatively, below 1.1920, expect another drop with 1.1900 and 1.1865 as targets.

On the data slate there’s Euro-one CPI; German Buba Monthly Report; US Housing Market Index and US Total Net TIC Flows.

BUY EUR/USD @ 1.1935 OR BETTER – STOP @ 1.1880 – TARGET @ 1.2020
BUY GBP/USD @ 1.3580 OR BETTER – STOP @1.3510 – TARGET @ 1.3675
SELL USD/JPY @ 111.30 OR BETTER – STOP @ 111.80 – TARGET @ 110.70
BUY CL1017 @ 49.60 OR BETTER – STOP @ 49.10 – TARGET @ 50.50
BUY AUD/USD @ 0.8000 OR BETTER – STOP @ 0.7950 – TARGET @ 0.8070
BUY XAU @ 1315 OR BETTER – STOP @ 1310 – TARGET @ 1332
BUY XAG @ 17.50 OR BETTER – STOP @ 17.00 – TARGET @ 18.30

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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