EUR/USD - After a little confusion as FED annouced it's "Operation Twist", where we saw a quick spike to 137.88, we saw a equally qucik sell-off towards support at 134.99. I still look for a break below 134.99 for a move slightly lower to 134.55, from where I expect a short term rebound.
Longer term I'm looking for a decline to below 123.78.
Gold - What's up and what's down here... Are we seeing a triangle or not? At this point I simply don't know, but I will go with the break which ever way we break.
Below 1,768.89 we should see a move down to 1,665
Above 1,827.36 we should see a rally towards at least 2,031.
Crude Oil - Is acting in accordence to my expectations. It's however much slower than I had expected. A break below 83.30 should accelerate the decline towards 76.08 and my target area near 72.
No comments:
Post a Comment