Market Technical Analysis – EUR/USD, Brent Oil and DAX

Video Topics

• EUR/USD broke an important support yesterday but today they try to erase this mistake and are pushing higher. Buyers can hope that they had a bigger plan of making a correction equality pattern. We should not expect any significant movements before the FOMC, after that, technical analysis will step a side.
• Brent Oil bounces from the 50% Fibonacci creating an opportunity for sellers to open new shorts with higher prices. Why sellers? Well that’s what the main trend is and the recent breakout from the symmetric triangle set the bearish sentiment in the mid-term.
• DAX defended a very important local support yesterday so there is no chance for a sell signal yet. As long as we stay above the 11920, the sentiment is positive. Breaking that level can trigger a sell signal but we all know that going against the trend on indexes is very risky recently.