Eurozone Final CPI: Wednesday, 10:00. Final CPI and Core CPI are both expected in at 1.2%, which would confirm the initial releases from earlier this month.
EUR
Eurozone Final CPI
- EURUSD
Update: First target was hit. Next target: 1.0800. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1050. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.0880.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.1100 ▪ 1.1080 ▪ 1.1050 |
▪ 1.0880 ▪ 1.0850 ▪ 1.0800 |
We are bearish as long as the pair is traded below the level of 1.1.1050 |
- GBPUSD
Update: Waiting for bullish evidence to show up above the support level. The chart above shows that the pair is about reaching a strong support level that is 1.2000. If the pair shows up bullish evidence above it, we can go long targeting the level of 1.2200. On the other hand, of the level of 1.2000 is broken, then the pair might continue going downwards to reach the level of 1.1900.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2200 ▪ 1.2150 ▪ 1.2100 |
▪ 1.2000 ▪ 1.1950 ▪ 1.1900 |
Waiting for the pair to confirm its next movement. |
- GOLD
Update: We remain the same. The chart above shows that the pair is trading above a strong support level that is 1450. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1530.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1600 ▪ 1550 ▪ 1530 |
▪ 1450 ▪ 1420 ▪ 1400 |
We are bullish as long as the pair is trading above the level of 1450. |
- AUDUSD
Update: We remain the same. As could be seen on the chart above that the pair is traded below a strong resistance level that is 0.6200. Therefore, we are bearish as long as the pair is traded below it. Our first target is 0.5800.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.6300 ▪ 0.6250 ▪ 0.6200 |
▪ 0.5800 ▪ 0.5750 ▪ 0.5700 |
We are bearish as long as the pair is traded below the level of 0.6200 |
- GBPJPY
Update: Our target was hit. 2nd target 124.50. The chart above shows that the pair is trading below a strong resistance level that is 130.45. Therefore, we area bearish as long as the pair is traded below it. Our first target is 127.00
| Resistance levels: | Support levels: | Recommended: |
| ▪ 131.00 ▪ 130.50 ▪ 130.45 |
▪ 127.00 ▪ 126.50 ▪ 126.00 |
We are bearish as long as the pair is traded below the level of 130.50 |
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