8/14/13

USD at Support- Key Triggers Eyed for EUR, GBP, CHF Scalp Setups

Technical Outlook
  • USDOLLAR correction encounters key support range 10,650/75
  • Medium-term bias bullish above this mark
  • Support break targets objectives at 10,580- 10,611
  • Broader outlook remains weighted to the topside above 10,585- 10,611 support range
  • Daily RSI turning ahead of 40-threshold (constructive)- Trigger break pending
  • Key Events Ahead: US Advanced Retail Sales on Tuesday, CPI on Thursday and Univ. of Michigan Confidence Survey on Friday

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