Simultaneous Release at www.thegeekknows.com

Good day.

On an usual Friday, happens usual profit taking.

eurusd

Looking at the charts, lines of 1.4843 and 1.4967 have been playing pivotal roles.

sp500

As i mentioned the in previous article, 1080 and 1100 may act as a lower and upper boundary respectively and indeed seems so today.

Oil remains at $75+, the top of the current range while gold is taking a breather at $1050+.

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Many traders feel that the current correction seen across all is simply profit taking.

Well, i guess someone needs to pay for the weekend drinks right ;)

If this is indeed true, Monday may result in the resumption of the current trend.

Personally, i always watch the equities for signs of a sentiment breakdown as a clue.

Bullish momentum will need to regain 1.4910 while further bearish attacks may need to overcome 1.4865 first.

***

The weekends are finally here!

Besides the usual stuff i do, i intend to add a new segment to the blog.

Stay tuned ok?

My eyes are very tired now. Therefore no BattleForge for me tonight.

Trade safe.

You can visit my blog for more EUR/USD and forex articles.