EURUSD: 1.1905
Preferred Strategy: The dallies remain negative so selling into strength is preferred. Sell EurUsd @ 1.1960. SL @ 1.2010. TP @1.1600
| 24 Hour: Neutral. | Medium Term: Prefer to sell rallies | ||
| Resistance | Support | ||
| 1.2055 | Minor | 1.1900 | Minor |
| 1.2033 | 20 Sept high | 1.1885 | Minor |
| 1.2003 | Friday high | 1.1860 | (23.6% of 1.1118/1.2091)/20 Sept low |
| 1.1980 | Minor | 1.1838 | 14 Sept low |
| 1.1955/60 | 200 HMA/100 HMA | 1.1800 | Minor |
Economic data highlights will include:
M: German IFO, Chicago Fed National Activity Index, Dallas Fed Mfg Business Climate
T: US Case Shiller House Price Index, New Home Sales, Richmond Fed Mfg Index, API weekly Crude Oil Stock Inventory
W: US Durable Goods, Pending Home Sales, EIA weekly crude oil stock change
T: German Consumer Confidence, CPI, EU Economic Sentiment Indicator, Industrial Confidence, Services Sentiment, Business Climate, US Jobless Claims, Q2 GDP, Kansas Fed Mfg Activity, Personal Consumption/Expenditure Q2
F: German Retail Sales, Unemployment, US Personal Consumption/Expenditure Index, Michigan Consumer Sentiment Index
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