Europe Opens With the Risk ON Mode
Futures start the new week on the front foot, with the SP500 being above crucial support on the 4555 points.
DAX is trying to draw a right shoulder of the iH&S formation.
USDJPY is defending the crucial support on the 112.8.
AUDNZD is escaping from the wedge to the upside, giving hope for another bullish wave.
GBPUSD is bouncing off the 38,2% Fibo and the lower line of the flag, in theory, that’s a good place for a proper buy signal.
EURPLN continues to drop after the false breakout above the 4.64.
The Mexican peso turned around the weakness it experienced at the end of last week and starts the new week with gains.
For a look at all of today’s economic events, check out our economic calendar.