Today Economics News are:
UK Nationwide House Price Index
German Retail Sales
France Consumer Spending
France Producer Price Index
Spain Current Account
Euro Consumer Price Index Flash Estimate
Euro Flash Consumer Price Index Core
Euro Unemployment Rate
Canada Gross Domestic Product
EUR/USD
German Retail Sales
France Consumer Spending
France Producer Price Index
Spain Current Account
Euro Consumer Price Index Flash Estimate
Euro Flash Consumer Price Index Core
Euro Unemployment Rate
Canada Gross Domestic Product
EUR/USD
Pivot: 1.355
Our preference: Long positions above 1.355 with targets @ 1.363 & 1.3655 in extension.
Alternative scenario: Below 1.355 look for further downside with 1.352 & 1.3485 as targets.
Comment: a support base at 1.355 has formed and has allowed for a temporary stabilisation.
Key levels
1.369
1.3655
1.363
1.3573 last
1.355
1.352
1.3485
GBP/USD
Pivot: 1.6235
Our preference: Long positions above 1.6235 with targets @ 1.6335 & 1.6395 in extension.
Alternative scenario: Below 1.6235 look for further downside with 1.6195 & 1.616 as targets.
Comment: technically, the RSI is above its neutrality area at 50.
Key levels
1.6425
1.6395
1.6335
1.6299 last
1.6235
1.6195
1.616
USD/CAD
Pivot: 1.0555
Our preference: Long positions above 1.0555 with targets @ 1.061 & 1.063 in extension.
Alternative scenario: Below 1.0555 look for further downside with 1.0515 & 1.0485 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.066
1.063
1.061
1.05854 last
1.0555
1.0515
1.0485
AUD/USD
Pivot: 0.9135
Our preference: Short positions below 0.9135 with targets @ 0.906 & 0.903 in extension.
Alternative scenario: Above 0.9135 look for further upside with 0.9205 & 0.925 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Key levels
0.925
0.9205
0.9135
0.9126 last
0.906
0.903
0.900
Our preference: Long positions above 1.355 with targets @ 1.363 & 1.3655 in extension.
Alternative scenario: Below 1.355 look for further downside with 1.352 & 1.3485 as targets.
Comment: a support base at 1.355 has formed and has allowed for a temporary stabilisation.
Key levels
1.369
1.3655
1.363
1.3573 last
1.355
1.352
1.3485
GBP/USD
Pivot: 1.6235
Our preference: Long positions above 1.6235 with targets @ 1.6335 & 1.6395 in extension.
Alternative scenario: Below 1.6235 look for further downside with 1.6195 & 1.616 as targets.
Comment: technically, the RSI is above its neutrality area at 50.
Key levels
1.6425
1.6395
1.6335
1.6299 last
1.6235
1.6195
1.616
USD/CAD
Pivot: 1.0555
Our preference: Long positions above 1.0555 with targets @ 1.061 & 1.063 in extension.
Alternative scenario: Below 1.0555 look for further downside with 1.0515 & 1.0485 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.066
1.063
1.061
1.05854 last
1.0555
1.0515
1.0485
AUD/USD
Pivot: 0.9135
Our preference: Short positions below 0.9135 with targets @ 0.906 & 0.903 in extension.
Alternative scenario: Above 0.9135 look for further upside with 0.9205 & 0.925 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Key levels
0.925
0.9205
0.9135
0.9126 last
0.906
0.903
0.900
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