Technical anlysis only: While we are seeing GBPAUD to fall, we expect a AUDJPY to rise. Trendline rejection coincides with pivot support for 2017. Target in yearly Pivot R! coincides with fibonacci 1,382 Weekly stochastics are oversold with a confirmed weekly golden cross. Risk/Reward: 1,9
EUR is strong due to it beating it's CPI projection 1.9% vs 1.8%. This is in contradiction to Draghi's speech. USD missed on GDP data this morning 0.7% vs 1.2%. So we can expect some weakness for USD. There is also a budget debate occuring in the United States today. This could lead to further weakness. Since it is Friday be wary of profit taking.
[bClear Flag in DAX When the fabonnaci 23,6 gets hit and we see a confirmed bullish signal, this trades has really good chances. MACD and signal line is hit which is indicator for a bullish signal and trend. The RSI is low, but not critical yet, but have a lot of space to bullish. UK can have influence on this trade, today the FTSE beairsh and this trend can...