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Technical levels for majors 15/01/2016.

As the oil continues its down side and still under heavy pressure there is a increased risk in the market for the stability of oil price, to top the further fall in oil price a surplus supply form Iran.

No the other hand a threat of global recession is mounting as most of the country’s are showing signs of slow down.

China is adding fuel to the fire with the market in red zone investor are forced to shift the investment to other safe heavens.

As the US market is till pushing higher and US Dollar continues to be dominant in the currency market.

every want to see how the coming US date unfolds .

Date to release today US Core Retail Sales m/m,Producer Price Index (PPI) and Advance Retail Sales.

 

Technical levels for EUR/USD and GBP/USD are as follows.

EUR/USD

S3:  1.0742 S2:  1.0769 S1:  1.0796 R1:  1.0905 R2:  1.0932 R3:  1.0959

 

GBP/USD

S3:  1.4271 S2:  1.4307 S1:  1.4342 R1:  1.4430 R2:  1.4466 R3:  1.4502

 

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