Main Scenario: Between 1,2076 and 1,2198 level we expect HORIZONTAL!
Target Expectation: 1,2076 – 1,2140 – 1,2198
Considerations Supporting The Scenario: Horizontal trend view supported by Envelopes and Relative Vigor Index indicator.
Alternative Scenario -1: With a 4-hour close above 1.2198 level, POSITIVE!
Alternative Target Expectation: 1,2248 – 1,2300 – 1,2360
Alternative Scenario -2: With a 4-hour close below 1.2076 level, NEGATIVE!
Alternative Target Expectation: 1,2030 – 1,1985 – 1,1940
Most Important News of the Week:
- Gross Domestic Product (GDP) from Japan,
- Consumer Price Index (CPI) from China,
- Trade Balance from Germany,
- Gross Domestic Product (GDP) and Manufacturing Production from the UK,
- Current Accounts and CBRT Expectations Survey from Turkey,
- Housing Starts, Employment Change and Unemployment Rate from Canada,
- Producer price index (PPI) and Baker Hughes borehole number data from the US