It all looks very messy today and there is not much to go on at all, although EurUsd has now broken some minor Fibo support (61.8% of 1.1175/1.1446) at 1.1275 and could be headed to the next Fibo level at 1.1240 and possibly to the trend low at 1.1175. Staying short and selling rallies back towards 1.1300 is preferred. Note that there are plenty of ECB speakers today, including Draghi, so it may be a volatile session.
Elsewhere things look rather blurred although the Aud$ seems quite well bid but I cannot become too enthusiastic about buying it here given the weaker global growth outlook. Nevertheless, a range trade today of something like 0.7100-60 might well cover it.
Stocks are mildly higher but the S+P seems rangebound for now in a 2800/40 session, while the metals are similarly choppy but sideways, with Gold looking at a 1305/25 range, I suspect.
WTI had a decent rally but the slowing growth outlook would seem to limit further upside, so trade a 59/61 range for now I think
*Trade of the day: March 27, 2019; 9:21 AM(AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
All trades are good till 5.00pm NY time. All “in the money trades” should have the SL raised to break-even, or managed manually. All “out of the money trades” should keep original SL in place.
Sell EurUsd @1.1300. SL @ 1.1335, TP @ 1.1175
Sell AudUsd @ 0.7155. SL @ 0.7190, TP @ 0.7075
Range Trade: WTI: 59.00/61.00 (SL 75 pips either side)
Range Trade: S+P: 2845/2800 (SL 20 pips either side)