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.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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Happy Apple day
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