Jiming Huang / Blog
After a rough week, where the main event was Draghi’s dovish speech, the single currency has been trading on a firmer footing and erased partially losses. Since last Friday, EUR/USD rose more than 0.85%, from 1.1177 to 1.1276, as investors slowly digest the new outlook for interest rates...
Optimism takes over. Sterling is the big winner among G10 currencies as traders appear convinced that a breakthrough in Brexit talks is happening. EUR/GBP is trading at ranges not seen since May 2017 while the cable appreciated by 1.60% since the start of the week...
Pivot (invalidation): 56.35 Our preference Long positions above 56.35 with targets at 57.60 & 57.90 in extension. Alternative scenario Below 56.35 look for further downside with 55.95 & 55.40 as targets...
Pivot (invalidation): 15.2800 Our preference Long positions above 15.2800 with targets at 15.5200 & 15.6000 in extension. Alternative scenario Below 15.2800 look for further downside with 15.1900 & 15.0700 as targets...
Pivot (invalidation): 1292.00 Our preference Long positions above 1292.00 with targets at 1300.50 & 1304.00 in extension. Alternative scenario Below 1292.00 look for further downside with 1289.00 & 1284.50 as targets...
Pivot (invalidation): 2765.00 Our preference Long positions above 2765.00 with targets at 2795.00 & 2816.00 in extension. Alternative scenario Below 2765.00 look for further downside with 2750.00 & 2735.00 as targets...
Pivot (invalidation): 11510.00 Our preference Long positions above 11510.00 with targets at 11567.00 & 11600.00 in extension. Alternative scenario Below 11510.00 look for further downside with 11465.00 & 11405.00 as targets...
Pivot (invalidation): 5.4540 Our preference Short positions below 5.4540 with targets at 5.4220 & 5.3930 in extension. Alternative scenario Above 5.4540 look for further upside with 5.4740 & 5.4890 as targets...
Pivot (invalidation): 0.7050 Our preference Long positions above 0.7050 with targets at 0.7090 & 0.7100 in extension. Alternative scenario Below 0.7050 look for further downside with 0.7035 & 0.7025 as targets...