Daily Forecast - 15 April 2016
S&P June contract
Emini S&P bulls in control with a break above 2082/83 to target the most important trend line resistance of the day at 2092/94. Try shorts with stops above 2099. A weekly close above 2100 is positive for next week targeting 2104 & 2107 August highs. Further gains target 2113/14.
Below 2077 risks 2071/70. A break below 2067 could target support at 2060/59. Longs need stops below 2054.
EURGBP Spot
EURGBP has trend line resistance at 7985/90 today but above here is more positive & signals the resumption of the bull trend, targeting resistance at 8005/09. A high for the day possible but a break above 8030 targets 8050.
First support at 7940/35 again today but a break below 7920 targets 7890/85. If we continue lower look for a buying opportunity at 7840/45. Stop below 7825.
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