Squawk / 07 August 2016 at 14:39 GMT
Trader, Analyst / Individual Trader
WEEK 32 (08.08.2016 - 14.08.2016) [EURUSD][FUS500][USDJPY]

At the start of the new week we still got same technical environment, which keeps EURUSD well supported, 1.1020-1.1030 buy area, for Monday and Tuesday. USDJPY also limited from the top by 102.50-60. However these areas are clearly temporary and without strong first rejection there is potential to breach them.

Coming back to the US data I still support view that the market underestimates chance of rate hike this year and there is some room for adjustment. That is why I think USD is to stay at the recent levels or bit higher in coming weeks or few months.

Short Term: Mildly bearish
Medium Term: Lower limit 1.0480
Long Term: Bearish below 1.0460, temp. sell 1.1380-90

Short Term: Correction, then bullish continuation.
Medium Term: Lower limit 2100-2105
Long Term: Lower limit 1825

Short Term: Bullish
Medium Term: Upper limit 107.50-108.00
Long Term: Lower limit 98.10-98.40


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