Jiming Huang / Blog
Pivot (invalidation): 1.2365 Our preference Short positions below 1.2365 with targets at 1.2290 & 1.2245 in extension. Alternative scenario...
Pivot (invalidation): 1.0820 Our preference Short positions below 1.0820 with targets at 1.0780 & 1.0760 in extension. Alternative scenario...
The EURUSD tanked to 1.0825 following the German court decision and traded in the tight range of 1.0830/1.0845. Euro bears have the green light from data to continue selling this morning; the German factory output plunged 15.6%m-o-m in March versus -10% expected by analysts and -1...
The market mood somewhat bettered on prospects of business reopening, as US President Donald Trump said they need to get the economy running despite more people being affected by the virus...
Pivot (invalidation): 23.35 Our preference Long positions above 23.35 with targets at 26.10 & 27.00 in extension. Alternative scenario...
Pivot (invalidation): 14.8500 Our preference Long positions above 14.8500 with targets at 15.2000 & 15.3100 in extension. Alternative scenario...
Pivot (invalidation): 1692.00 Our preference Long positions above 1692.00 with targets at 1712.00 & 1720.00 in extension. Alternative scenario...
Pivot (invalidation): 2897.00 Our preference Short positions below 2897.00 with targets at 2845.00 & 2825.00 in extension. Alternative scenario...
Pivot (invalidation): 10520.00 Our preference Long positions above 10520.00 with targets at 10800.00 & 10980.00 in extension. Alternative scenario...