Sterling retrace yesterdays bullish volume forming a technical double bottom, which is a bullish indicator.
The issues are, the fundamental data and Geo-political data coming out of the Euro-Zone, it seems
these two forms of data are leading the market the last 4-5 trading days, so you see more of a
save-haven environment, meaning U.S.D. bull almost in every currency pair.... (AUD/USD)
Daily technicals for Sterling:
Support for a bullish Sterling is, 1.6149 (currently at, 1.6132)(12:00 a.m. EST.)
If Sterling recovers to find support at 1.6149 the next level to break will be, 1.6171 if Sterling
continues to recover the next level is, 1.6186 and a strong bull hits, 1.6207 and higher.
However, Sterling is technically bearish for today being below, 1.6149 if this continues
the next level to find support is, 1.6127 if this level doesn't hold Sterling may continue
bearish to, 1.6112 and the final technical level for a bearish Sterling is, 1.6091 before
bullish volume returns. Note: if the last level doesn't find support basically it means a major
bear has already started and has a high % of continue through out the day.
Fundamentally, we have a status, "Med" release for the Euro at, 2:00 a.m. EST..
10:30 a.m. EST. Crude oil inventories out of the States, status is "Low" but the
release seem to create strong volume!! Depending on details of the data.........
Trade with the trend!
Thank you for your time and have a great day!
www.createspace.com/3597011
www.speedtrader24.com
email: idominatefx@gmail.com
Catch us on, Facebook......
The issues are, the fundamental data and Geo-political data coming out of the Euro-Zone, it seems
these two forms of data are leading the market the last 4-5 trading days, so you see more of a
save-haven environment, meaning U.S.D. bull almost in every currency pair.... (AUD/USD)
Daily technicals for Sterling:
Support for a bullish Sterling is, 1.6149 (currently at, 1.6132)(12:00 a.m. EST.)
If Sterling recovers to find support at 1.6149 the next level to break will be, 1.6171 if Sterling
continues to recover the next level is, 1.6186 and a strong bull hits, 1.6207 and higher.
However, Sterling is technically bearish for today being below, 1.6149 if this continues
the next level to find support is, 1.6127 if this level doesn't hold Sterling may continue
bearish to, 1.6112 and the final technical level for a bearish Sterling is, 1.6091 before
bullish volume returns. Note: if the last level doesn't find support basically it means a major
bear has already started and has a high % of continue through out the day.
Fundamentally, we have a status, "Med" release for the Euro at, 2:00 a.m. EST..
10:30 a.m. EST. Crude oil inventories out of the States, status is "Low" but the
release seem to create strong volume!! Depending on details of the data.........
Trade with the trend!
Thank you for your time and have a great day!
www.createspace.com/3597011
www.speedtrader24.com
email: idominatefx@gmail.com
Catch us on, Facebook......
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