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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 11, 2017

By:
Colin First
Updated: Dec 11, 2017, 09:45 UTC

EUR/USD The market was slightly negative during the Friday's session as it reached the 1.733 level. The market is expected to bottom out near the 1.17

Forex Trading Signals - November 10, 2017

EUR/USD

The market was slightly negative during the Friday’s session as it reached the 1.733 level. The market is expected to bottom out near the 1.17 level as it has been the bottom of long-term consolidation. The buyers are likely to take the grip of this market as overall sentiments of the market is bullish. The break above 1.18 level will send this market much higher towards the 1.21 level. Any pullbacks in the market is an excellent buying opportunity in this market. …Read More

GBP/USD

The British pound initially tried to rally against the USD on Friday but found strong resistance the 1.35 level to continue higher. The strong job number from the US, send this market lower. Eventually, the 1.333 level is going to be massively supportive and the market is very unlikely to break that level. These pullbacks are excellent opportunity to enter the market. A break above 1.35 level for some time will send this market towards the 1.3650 level. Going ahead, this market will continue to be volatile the UK and EU negotiate with the terms of Brexit. …Read More

AUD/USD

The market initially tried to rally from the 0.75 level on Friday’s session but after the strong US job numbers hit the market, the market went lower reaching its opening level. A break below the 0.75 level will be extremely negative for the market and will eventually roll over towards the 0.7350 level. The rally in the gold market is crucial for this market to start moving upside significantly. Since the overall attitude of this market is bearish, rallies in the market will be an excellent selling opportunity. …Read More

USD/JPY

The market went higher during the day on Friday on the back of strong US job numbers. The market is expected to continue higher with 113.50 level is going to offer short-term resistance. A break above 114.50 level will eventually send this market way above the 115 level. This market is going through a lot of positive news including the upcoming interest rate statement from the Federal Reserve which will keep this market busy. This market is on a buy on dips type of situation. …Read More

About the Author

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.

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