Jiming Huang / Blog
Pivot (invalidation): 0.8900 Our preference Short positions below 0.8900 with targets at 0.8880 & 0.8865 in extension. Alternative scenario Above 0.8900 look for further upside with 0.8915 & 0.8925 as targets...
Pivot (invalidation): 0.7410 Our preference Short positions below 0.7410 with targets at 0.7380 & 0.7370 in extension. Alternative scenario Above 0.7410 look for further upside with 0.7420 & 0.7430 as targets...
Pivot (invalidation): 1.3015 Our preference Short positions below 1.3015 with targets at 1.2980 & 1.2960 in extension. Alternative scenario Above 1.3015 look for further upside with 1.3035 & 1.3055 as targets...
Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9935 & 0.9955 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9885 & 0.9865 as targets...
Pivot (invalidation): 111.75 Our preference Short positions below 111.75 with targets at 111.35 & 111.15 in extension. Alternative scenario Above 111.75 look for further upside with 112.00 & 112.15 as targets...
Pivot (invalidation): 1.3140 Our preference Short positions below 1.3140 with targets at 1.3080 & 1.3050 in extension. Alternative scenario Above 1.3140 look for further upside with 1.3170 & 1.3190 as targets...
Pivot (invalidation): 1.1670 Our preference Short positions below 1.1670 with targets at 1.1650 & 1.1635 in extension. Alternative scenario Above 1.1670 look for further upside with 1.1700 & 1.1720 as targets...
As already mentioned in Fed’s minutes and during Jerome Powell’s testimony to the Senate, we expect the Chairman of the Federal Reserve to maintain a positive economic outlook for the US economy...
Today’s schedule of Eurozone economic data publications is heavy. The big question is whether this will prompt large moves in the single currency or not...