EUR/USD, USD Index And E-Mini S&P500
Gregor Horvat | Jun 19, 2013 04:51AM ET
The EUR/USD and S&P are higher in this week, but generally speaking markets are slow and sideways ahead of the FOMC later today. We are tracking an ending diagonal in the fifth wave on the EUR/USD, but as long as we have higher highs and higher lows in place , the trend remains up with possible test of 1.3450 in the near future.
EURUSD 1h
The reason why we think the EUR can reach higher levels is the following USD index chart, where price is still above its lows from last week. Note the triangle here with wave (e) in view, before we see break lower that should support the EUR/USD. The critical level on the USD Index is around 81.00, and the market is bearish below.
USD Index 1h
E-mini S&P500 were higher in the last few sessions and successfully moved through 1647, as highlighted several times in past updates. We still believe that the market is making a wave (c) rally from 1596, so we need to be aware of a reversal lower from the 1655/1660 region.
S&P Futures 1h
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.