Euro hit below 1.1350 which indicating drop pressure over short-run as market facing big support zone on a head
market now facing several support levels inside the intraday trading levels where 1.1315 , 1.1270 and 1.1225 would consider the support level
as long as market holding trades below 1.1385 we shall see a drop correction movement toward those 3 support levels we mentioned above
above 1.1390 market may re-gain strength
As we saw in yesterday trading levels, market managed o obtain rebound correction as expected while advance above our projected target with around 50 pips to hit 1.4320 zone before retreating back inside the downtrend wave
market now having support at 1.4150-60 zone which may case another rebound correction toward 1.4270-80 zone
as long as market holding below 1.4325 will expect this downtrend wave to sustain toward 1.3950
intraday indicators showing ability for intraday trading zone between 1.4150 - 1.4280
Market managed to sustain trades below 111.35 where managed to sustain drop toward 110.55 as we advised yesterday
market managed to fell below 110.50 support trend on safe haven demand which now showing ability for farther decline where our Mid-Run target back to stage again toward 106.60
however market may be in alert situation if dollar/yen fell below 110.00 levels as BOJ consider any prices below this zone as a potential intervention to weaken the Yen and so traders need to stay alert
as long as market holding trades below 111.05 the downtrend movement will sustain toward 108.80 and 106.60
Oil 6K -
Market managed to fell below 36.15 support zone which activated more drop movement as Saudi Arabia refuse Output freeze without Iran
as we see over the chart, market facing several resistance levels that pushing Oil for more drop toward 34.25 zone
market resistance at 36.15 , 37.20 and 37.90 where as long as Oil holding trades below those levels the downtrend will sustain toward 34.25 and 32.35
the downtrend speed movement depend on which resistance holding the market below to resume more drop lows
Market jump into Gold on safe haven awaken demand as Global share slump on China worry returns
market still facing resistance 1235 while market support now at 1223-25 zone
as long as market daily close sustain below 1240 the downtrend pressure will sustain on market , while any daily close above 1240 may reverse those indicators which will open the way for farther rebound correction toward 1265
a waiting daily close for more signals
As we see over the chart, market managed to head for another small drop correction while market still holding above first support 17565
as long as market holding above this zone the market will sustain uptrend movement toward 18000-100 zone with up and down movement
below 17565 market may head for bigger drop correction where next support at 17400 zone
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