Market Brief / 13 - 02 - 2018

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US dollar consolidated some of its recent gains, as stock markets showed signs of stabilization following two weeks of sharp declines.

EUR/USD halted a three-day decline by gaining 0.5% to 1.2291. Preference is still for short positions below 1.2305 for further downside to 1.2205. Alternatively, above 1.2340 expect a bounce toward 1.2390 on the upside.

On the data slate there’s UK CPI; UK Retail Price Index; UK House Price Index; US Small Business Optimism and US Fed’s Mester to Discuss Monetary Policy and Economic Outlook.

My Personal Trading Plan
SELL EUR/USD @ 1.2295 OR BETTER – STOP @ 1.2340 – TARGET @ 1.2205
SELL GBP/USD @ 1.3875 OR BETTER – STOP @ 1.3930 – TARGET @ 1.3780
BUY USD/JPY @ 108.70 OR BETTER – STOP @ 108.10 – TARGET @ 109.60
SELL CL0318 @ 59.95 OR BETTER – STOP @ 60.50 – TARGET @ 58.70
SELL AUD/USD @ 0.7850 OR BETTER – STOP @ 0.7900 – TARGET @ 0.7780
SELL XAU @ 1320 OR BETTER – STOP @ 1328 – TARGET @ 1295
SELL XAG @ 16.40 OR BETTER – STOP @ 16.90 – TARGET @ 15.60

THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.

If You are New in Forex  --> Read Forex Education Center / Volume I.