13 February 2020

German Final CPI: Thursday: 7:00. The first-estimate for German CPI in the fourth quarter declined by 0.6% and the final release is expected to confirm this figure.

EUR
German Final CPI

  • EURUSD

Nothing can stop the Euro from going further downwards. The chart above shows that the pair might continue going downwards to hit 1.0800.

Resistance levels: Support levels: Recommended:
▪ 1.1150
▪ 1.1100
▪ 1.1090
▪ 1.0800
▪ 1.0750
▪ 1.0730
Strongly bearish
  • GBPUSD

The chart above shows that the pair is trading above a strong support level 1.2890. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.31.

Resistance levels: Support levels: Recommended:
▪ 1.3400
▪ 1.3350
▪ 1.3300
▪ 1.2890
▪ 1.2850
▪ 1.2800
We are bullish as long as the pair is traded above 1.2890
  • GOLD

The chart above shows that the pair might continue going upwards to reach the level of 1590. Therefore, we are bullish as long as the pair is traded above the level of 1560.

Resistance levels: Support levels: Recommended:
▪ 1590
▪ 1587
▪ 1570
▪ 1565
▪ 1555
We are bullish as long as the pair is traded above the level of 1560
  • AUDUSD

As could be seen on the chart above that the pair is traded above a strong support level that is 0.6680. Therefore, we are bullish as long as the pair is traded above it. Our first target is 0.6850.

Resistance levels: Support levels: Recommended:
▪ 0.7123
▪ 0.6988
▪ 0.6820
▪ 0.6680
▪ 0.6650
▪ 0.6600
We are bullish as long as the pair is traded above 0.6688.
  • GBPJPY

The pair is about reaching the resistance level of 144.17. Therefore, we will be waiting for the pair to reach it then in case the pair shows up bearish evidence, we can go short targeting the level of 142.

Resistance levels: Support levels: Recommended:
▪ 146.50
▪ 146.00
▪ 144.20
▪ 141
▪ 140.50
▪ 140.00
Waiting for the pair to reach the resistance level.

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.