Euro managed to rally for days, making new highs, targeting a 61.8% retracement around 1.1420 before price starts to decline.
We adjusted our view with AUDUSD, believing that a bottom has been placed already last 24th of May. Hence, current price may retrace up towards 0.7490 - 0.7570.
Yen may continue to move lower. A break below previous low 105.54 would lead us to consider the alternate view of this market. Profit targets 106 area before bulls come to play.
Oil is moving sideways inside the blue channel . A break below signals bearish trend, especially when red channel is broken around 48.25.
Please see annotated chart for details.
Cable it seems is still contained inside a bullish channel. Price already retraced past its 61.8% retracement, and could still go on. Invalidation level is set at 1.4769 which when breached, will make us stick to our alternate view.
Please annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details
Silver is still contained inside its corrective channel. But we see that downside is just limited towards 16.455 - 16.400. Long term, still bullish on this metal.
EURUSD has more way to go down. Target is around 1.0650-1.0630
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.