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12th January 2018 Market Outlook


Euro Dollar – EUR/USD rally higher after price rejected its 1.1950–1.1930 support area as we expected in our 11th January 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming days.

EURUSDrDaily

 

Norwegian Krone – USD/NOK decline lower after price rejected its 8.1200 resistance level as we expected in our 10th January 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price could potentially decline lower in the coming days.

USDNOKrH4

 

Euro Aussie – EUR/AUD pullback into its 1.5340–1.5310 resistance area yesterday. Since the overall trend is still bearish, traders may consider shorting this market to jump on the bearish trend. Ideally we would prefer to see some price rejections or any other form of confirmations before shorting this market for a safer entry.

EURAUDrH4

Posted on 2018-01-12 06:30:23

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