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US dollar remained under pressure last Friday, with the ICE Dollar Index losing another 0.5% to 92.12.
EUR/USD is holding above its support at 1.1985, which should maintain the buying interest. The rising 50-period moving average is playing a support role.
RSI is bullish and calls for further upside. Therefore, above 1.1985, look for a further upside with target at 1.2075. Alternatively, below 1.1985, expect a return with 1.1910 as target.
On the data slate there’s German Manufacturing PMI; Euro-Zone Manufacturing PMI; UK Manufacturing PMI; US Manufacturing PMI; US 4-Week Bill Auction; US 3- and 6- Month Bill Auctions and US 52-Week Bill Auction.
SELL EUR/USD @ 1.2035 OR BETTER – STOP @ 1.2080 – TARGET @ 1.1910
SELL GBP/USD @ 1.3525 OR BETTER – STOP @ 1.3565 – TARGET @ 1.3410
BUY USD/JPY @ 112.60 OR BETTER – STOP @ 112.10 – TARGET @ 113.20
SELL CL0218 @ 60.70 OR BETTER – STOP @ 61.00 – TARGET @ 59.60
SELL AUD/USD @ 0.7840 OR BETTER – STOP @ 0.7880 – TARGET @ 0.7765
SELL XAU @ 1308 OR BETTER – STOP @ 1315 – TARGET @ 1292
SELL XAG @ 16.80 OR BETTER – STOP @ 17.20 – TARGET @ 16.00
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thanks for updating about currencies keep it up
good information up voted + resteemed done
thanks for given very good information.lordoftruth sir
Why are all of you prognosticators adding disclaimers to your posts? If there are people out there too ignorant to do their own research then damn them.
informative post keep it up
that's good analysis ...on trading..forex marketing..
good to share
thank's for sharing...........
resteemed
This is a very informative post...
Thanks for sharing it..
Upvoted and resteemed
Helpful post...Thanks a lot for sharing it..
Upvoted and resteemed
Thanks for good information sharing@lordoftruth
Good to know! Thanks for the info 😊
us doller was under pressure..that's great analysis...
thank's to share .....
upvoyed
This is a very informative post
Good information sir.Thanks for sharing with us.I also Upvote and resteem your post.Wish you happy new year.
New to trading in forex, what platform do you use to trade ? Is there a min. Required to open acct? Ty
Wonderful updates today thanks a lot for all the hard work you have shared with us :)
This post has received a 1.96 % upvote from @booster thanks to: @lordoftruth.
Thank you, Happy New Year~