Jiming Huang / Blog
Slow start to trading this Monday. EUR/USD dipped to 1.1574 as markets digested the weekend news flow around Brexit, soft EU CPI (Consumer Price Index) and the Italian budget. On Friday, Italian yields rose to a multi-year high of 3.20%, pressing the Euro lower...
Pivot (invalidation): 6960 Our preference Long positions above 6960 with targets at 7235 & 7345 in extension. Alternative scenario Below 6960 look for further downside with 6875 & 6725 as targets...
Pivot (invalidation): 69.00 Our preference Short positions below 69.00 with targets at 68.10 & 67.80 in extension. Alternative scenario Above 69.00 look for further upside with 69.30 & 69.65 as targets...
Pivot (invalidation): 14.8600 Our preference Short positions below 14.8600 with targets at 14.6000 & 14.5100 in extension. Alternative scenario Above 14.8600 look for further upside with 15.0000 & 15.0700 as targets...
Pivot (invalidation): 1208.00 Our preference Short positions below 1208.00 with targets at 1196.50 & 1192.50 in extension. Alternative scenario Above 1208.00 look for further upside with 1214.00 & 1217.00 as targets...
Pivot (invalidation): 1.1435 Our preference Short positions below 1.1435 with targets at 1.1405 & 1.1385 in extension. Alternative scenario Above 1.1435 look for further upside with 1.1450 & 1.1470 as targets...
Pivot (invalidation): 0.9070 Our preference Long positions above 0.9070 with targets at 0.9100 & 0.9120 in extension. Alternative scenario Below 0.9070 look for further downside with 0.9050 & 0.9035 as targets...
Pivot (invalidation): 0.7320 Our preference Long positions above 0.7320 with targets at 0.7365 & 0.7385 in extension. Alternative scenario Below 0.7320 look for further downside with 0.7305 & 0.7285 as targets...
Pivot (invalidation): 1.2945 Our preference Short positions below 1.2945 with targets at 1.2885 & 1.2855 in extension. Alternative scenario Above 1.2945 look for further upside with 1.2985 & 1.3005 as targets...