The US$ does appear to be stabilising a little following the recent selloff, with the Euro in particular looking a little heavy. Elsewhere it looks as though the price action is going to be choppy but possibly without too much direction ahead of Friday’s US Retail Sales, CPI. The S+P still looks positive although the DJI, less so in the short term, and some caution is warranted but buying dips remains the overall theme. In the crosses, the Euro also looks under some pressure, and selling it against either the Aud or Gbp may be a plan.
*Trade of the day: 1/9/2018 7:37 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Sell EurUsd @ 1.2000. SL @ 1.2060, TP @ 1.1900
Buy GbpUsd @ 1.3500. SL @ 1.3475, TP @ 1.3600
Buy US$Chf @ 0.9740. SL @ 0.9690, TP @ 0.9825
US$Jpy range trade 112.50/113.50