The two most important
events of last week was ECB 's president interview on Thursday and Payrolls
announcement on Friday. This week the market expects the FOMC meeting which
will be the main event of the week. We are close to mid of December now and
flows are getting thinner. This may result to sharp moves with no real
direction.
EURUSD: The pair took a bitten after Mario's Draghi interview last Thursday in which he implied that ECB will cut rates next month.. Nonetheless the currency is still in a buy mode since it trades above 1.2865 and as it can be seen in my system below both wave and trend remain bullish. As long as this level hold(daily closing) my view remains for 1.3480 until end of month or first days of January
EURJPY: This pair mirrored EURUSD move since USDJPY remained in consolidation around 82.30area. I remain extremely bullish and even though we may see a small retreat in prices around 105 area i believe that the pair is still going to reach 110!
EURAUD: Although we are a slightly bullish bias since 1.2290 level holds, the system shows that most indicator are still negative. Overall we can say that if only breaks the 1.2290 we may becoming more confident that the pair will fall further.However there is not a clear picture for this pair at the moment
EURCHF: The pair had a spike at the beginning of last week reaching close to 1.22. However it then falls again. Although, it gives some indication that it is getting out of the come is still a very tricky pair. Someone could play the long side with a s/l at 1.2020 and t/p 1.22
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD is rising this pair is falling and the opposite
GBPUSD: The pair managed to change to uptrend mode last week. Nonetheless i am not very convinced and i don’t believe that it has a lot of a potential in the upside. Not very clear picture for this pair either
USDJPY: The pair is still in an uptrend. However it has stalled last week and it seems that it has been trapped between 81.60-82.80. Indicators are bullish and it remains to see which way will break first. If 81.60 breaks then we may see a further fall to 80.80 before the pair resume its uptrend. If in the other hand it break 82.80 then the pair gains momentum and it will climb to 84.00 very fast
AUDUSD: This pair is also in a buy mode. Although it has a difficulty to break the 1.0510 resistance still has the p[potential to clime to 1.07 as long as it doesn’t break 1.0320
EURUSD: The pair took a bitten after Mario's Draghi interview last Thursday in which he implied that ECB will cut rates next month.. Nonetheless the currency is still in a buy mode since it trades above 1.2865 and as it can be seen in my system below both wave and trend remain bullish. As long as this level hold(daily closing) my view remains for 1.3480 until end of month or first days of January
EURJPY: This pair mirrored EURUSD move since USDJPY remained in consolidation around 82.30area. I remain extremely bullish and even though we may see a small retreat in prices around 105 area i believe that the pair is still going to reach 110!
EURAUD: Although we are a slightly bullish bias since 1.2290 level holds, the system shows that most indicator are still negative. Overall we can say that if only breaks the 1.2290 we may becoming more confident that the pair will fall further.However there is not a clear picture for this pair at the moment
EURCHF: The pair had a spike at the beginning of last week reaching close to 1.22. However it then falls again. Although, it gives some indication that it is getting out of the come is still a very tricky pair. Someone could play the long side with a s/l at 1.2020 and t/p 1.22
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD is rising this pair is falling and the opposite
GBPUSD: The pair managed to change to uptrend mode last week. Nonetheless i am not very convinced and i don’t believe that it has a lot of a potential in the upside. Not very clear picture for this pair either
USDJPY: The pair is still in an uptrend. However it has stalled last week and it seems that it has been trapped between 81.60-82.80. Indicators are bullish and it remains to see which way will break first. If 81.60 breaks then we may see a further fall to 80.80 before the pair resume its uptrend. If in the other hand it break 82.80 then the pair gains momentum and it will climb to 84.00 very fast
AUDUSD: This pair is also in a buy mode. Although it has a difficulty to break the 1.0510 resistance still has the p[potential to clime to 1.07 as long as it doesn’t break 1.0320
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