Jan 07 2016
Technical update for 7/01/2016.
After the hint given by FED for successive rate hike in the year 2016 would have dovish impact on US dollar.
A dovish rate hike is what the market is expecting but for now there are trading opportunities which we have to consider.
Outlook for today is for long position on EUR/USD, GBPUSD, EURJPY.
TECHNICAL LEVELS ARE AS FOLLOWS
EUR/USD
| S3: 1.0697 | S2: 1.0724 | S1: 1.0751 | R1: 1.0836 | R2: 1.0863 | R3: 1.0890 |
GBP/USD
| S3: 1.4502 | S2: 1.4539 | S1: 1.4575 | R1: 1.4657 | R2: 1.4694 | R3: 1.4730 |
EUR/JPY
| S3: 126.19 | S2: 126.51 | S1: 126.82 | R1: 128.01 | R2: 128.33 | R3: 128.65 |