A squawk by AlanCollins on tradingfloor.com

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Technical analysis webinar – A view of the market: Larsson

Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.

Squawk / 04 December 2018 at 6:48 GMT

AlanCollins

Partner at 3 C ANALYSIS / 3cAnalysis

United Kingdom

EURUSD - Asian gains to temporarily extend
Against a background of bearish weekly signals for sentiment Monday’s price action did not provide clear direction. The market fluctuated around the important 13 day mvg avg with both initial demand and subsequent downside not held. This means that caution needs to be applied for Tuesday but, although there remains the concern of a Bearish Evening Star pattern in the background, Asian demand gives our immediate technical studies a positive bias.
We look to Buy in 1.1375/80 area and any 1.1350 dip
Stop is 1.1305 offered
Targets - 1.1396, 1.1412 and 1.1434
Closes 4pm London time

1y

mehanik

Hi Alla on the monthly chart in descending

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