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  • Furthermore, the #Euro 5Y5Y inflation swap forward is less than one third of a percent above its all-time low at 1.1688. Eurozone inflation expectations to start were not looking great, and the #coronavirus only made them gloomier. https://t.co/vvQYUuXQja https://t.co/fmpnmj4j0v
  • $USDJPY Daily Pivot Points: S3: 108.36 S2: 109.34 S1: 109.77 R1: 110.76 R2: 111.31 R3: 112.29 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
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  • $GBPUSD might target February lows near 1.2850 after spot prices quickly reversed lower off the 1.3000 handle. Get your GBP/USD market update from @RichDvorakFX here: https://t.co/EhuvCwtwsz https://t.co/usFJC2VQrU
  • Retail CFD traders measured by IG have cut their long-standing short $SPX exposure even further and pushed long positions to the highest in at least 12-months. About to flip net long for the first time in recent memory: https://www.dailyfx.com/sentiment?ref-author=Kicklighter&CHID=9&QPID=917719 https://t.co/y8ocZTCo4k
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Trade Update

Trade Update

2010-07-20 15:25:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
The EURUSD drop below 12863 may have completed an expanded flat from 13010. As such, price may continue higher towards the long cited target zone of 13115-13185. Dropping beneath the channel support line would suggest that a top is in place. I may look to short in the 13115-13185 zone.

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