It is estimated that the greenback will remain in both directions at night, and given that, on Friday published a few event risk, the market will move mainly in a technical way. It is estimated that the USD back down from Friday’s close, but if that event does not happen, the greenback can achieve a mild correction, anyway, we should wait for next week. GBP / USD Resistance 3: 1.4700/10 Resistance 2: 1.4650 Resistance 1: 1.4600/10 New York: 1.4522 Support 1: 1.3860 Support 2: 1.3780 Support 3: 1.3720 Comments were exceeded previous levels of resistance, which suggests a possible reversal. However, the pair can reach 1.5000. The stops were placed in the zone of 1.4420 and at 1.4500. The volume of operations should be improved. The stops are added to a two-way trade.
The level of long-term resistance is estimated at 1.5000, while the stops are placed at 1.4600. The next goal is the 1.4800. Friday: No publications EURO / USD Resistance 3: 1.3980 Resistance 2: 1.3820 Resistance 1: 1.3740 New York: 1.3678 Support 1: 1.2850 Support 2: 1.2720 Support 3: 1.2680 Comments The pair continued to pound two-way trade. The support level is above 1.3350. If the pair closed on 1.3350, is likely to continue rising. Traders bought at the low.
The technical level of 1.3150/80 is estimated to offer support. It is expected an increase in trading volume and is awaiting a two-way trade. Friday: All times EASTERN (-4 GMT) 3:00 a.m. EUR PPI m / m 6:00 a.m. EUR German Industrial Production m / m 6:00 a.m. Italian Unemployment Rate EUR Join us for the Afternoon U.S. Dollar Wrap-Up daily at 3:15 pm Central / Chicago time (GMT -6) We invite you to visit our new website, you will find all the information you need on the market for contracts for differences Trading off-exchange Transactions Cash Foreign Currency (FOREX) Involves Substantial Risk of loss and May Not be Suitable for all investors. You Should Carefully Consider Whether trading is Suitable for you in light of Your Circumstances, knowledge, and financial resources. May You lose all or more of your initial investment. Opinions, market data, and Recommendations are subject to change at Any Time. The information Contained in this newsletter does Not constitute a solicitation to buy or sell FOREX by Core Financial Group, Inc.., And / or ITS affiliates, and is Not to be available to Individuals in a jurisdiction would be WHERE Such Availability Contrary to local regulation or law.
