Eurusd still unable to break above 1.4550 key pivotal resistance. Euro is holding these levels mostly due to USD weakness while Euro sovereign debt still building & ECB buying bonds to calm down market. The issue is not over as growth slow down. Watch 1.4550 on the upside break up toward 1.49/150.
On short term we have support at 1.44 1.4370. Levels on chart.
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Gbpusd levels as range still holding. Watch again key ping pong levels.
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Usdchf 1h downside channel breaks lower & move accelerate before quick pullback & back trying to break on the upside still see a test of 0.80 key pivotal support.
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Audusd chart & levels
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Levels and upside trend in danger
Audusd broke 1h upside channel and still finding support at 1.0430
Your comments too are welcome and you can always reach me on twitter @fx_13.
Audusd uptrend channel on 1h chart & levels
Your comments too are welcome and you can always reach me on twitter @fx_13.
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Silver after Sunday gap where move jumped from support trend quickly formed a top to test back below 42 & below support up trend & testing fib level
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Watch our key short term support & resistance for exiting this range.
Your comments too are welcome and you can always reach me on twitter @fx_13.
(Please click on the forex chart thumbnail to enlarge)
Key data to watch:
Tuesday 23
@ 09:00 (GMT) EUR German ZEW Survey Prev –15.1 Exp –26
@ 14:00 (GMT) NEW Home Sales
Tuesday 24
@ 08:00 (GMT) EUR German IFO
@ 12:30 (GMT) USD Durable Goods
Tuesday 24
@ 08:30 (GMT) GBP Gross Domestic Product
@ 12:30 (GMT) USD GDP
@ 13:55 (GMT) USD U. of Michigan Confidence
@ 14:00 (GMT) Bernanke give speech
