Squawk / 27 August 2016 at 12:02 GMT
WEEK 35 (29.08.2016 - 24.09.2016) [EURUSD][FUS500][USDJPY]

Everything played well in the recent week, EUR bearish, FUS500 bearish, JPY bearish. Market had to wait till Friday for increased volatility. Fed fund futures indicate now Sept. hike 33% prob. (prev. 21%) and Dec. far above 50%.

I maintain my view from the past few weeks. There is still some space for discounting rate hike. I expect September to be in play above 50%, what would strengthen USD, but no lower than 1.10-1.11. Maybe my medium term target will be entry for braking the range form the upside. Slowly I start to see long term target changed to 1.20 area. Waiting for the month end to have clearer view.

Short Term: Bearish/Bullish
Medium Term: temp. buy 1.1130-50
Long Term: Bearish temp. sell 1.14

Short Term: Bearish
Medium Term: Lower limit 2105-2115 and 2052-55
Long Term: Lower limit 1825

Short Term: Bullish
Medium Term: Upper limit 105.90-106.10
Long Term: Lower limit 98.10-98.40
bancodemon bancodemon
I will be trading these pairs based on your analysis. Thanks
JakubSzalaFX JakubSzalaFX
You're welcome
JakubSzalaFX JakubSzalaFX
BTW. EURUSD buy and short term levels on other instruments are on hold during NFP release


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