Big move higher yesterday after the Central Banks announced that they would step in and add liquidity. Euro however could not take out the 1.4770 resistance area, which is pivotal for a run towards the 1.50 level. While below 1.4770 it could drift lower to test 1.4610 rising support near term.
Key resistance today1.4696
Key support today1.4610
Favoured strategy today:Bullish above 1.4610
Bullish momentum intact above yesterdayâ€™s low of 2.0340 and key resistance is 2.0600.
Key resistance today2.0600
Key support today2.0340
Favoured strategy today:Bullish above 2.0340
Have another falling trendline coming in at 1.1440 today which is a pivotal trendline.
As long as the pair doesnâ€™t break through this level decisively lower levels can be expected. To the downside it is rising trend line coming in at 1.1300 level.
Key resistance today1.1440
Key support today1.1300
Favoured strategy today:Bullish above 1.1300
Broke above 112.00 resistance yesterday and tested the next key level, which is 112.50 and so far this level has held up and a dip near term can be expected. Rising support coming in at 110.94 today.
Key resistance today112.00
Key support today110.90
Favoured strategy today:Bullish above 110.90
Tested 165.40 resistance yesterday, but fell back overnight and rising support coming in at 162.50 today.
Key resistance today164.30
Key support today162.50
Favoured strategy today:Bullish above 162.50
Fairly volatile over the last weekâ€™s and it has bullish momentum above 0.7164 today and the key resistance remains 2003 high of 0.7254.
Key resistance today0.7254
Key support today0.7164
Favoured strategy today:Bullish above 0.7164
A bit disappointing to see that CAD has not been able to carry on any of the momentum from Fridayâ€™s strong unemployment report. Been trading inside the rising trend channel now since 15th of November with overhead resistance at 1.0211 and underlying support at 0.9995 today.
Key resistance today1.0215
Key support today0.9995
Favoured strategy today:Watch 1.0215 key level
Major events today (GMT)
09:00ECB Monthly Report
11:00UK CBI Industrial Trends (Dec)
13:30US PPI (Nov)
13:30US Advance Retail Sales (Nov)
14:00BoEâ€™s Tucker speaks
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