" title="Spot " width="983" height="335" />
The did see a rally in to the end of the week as expected, reaching the 88.73/87 target and is pushing through 89.00 for a retest of the highs at 89.50/67. This should be tough to beat with the market severely over bought now and we could hold with this week’s range of 87.80-89.70 for a while longer. However a break higher would then target 90.45/55, possibly 90.84.
A break of 87.60 to the downside should see 87.20 trade on the way to better support at 86.75/86.55. We will look to take profits on shorts here and buy back in to longs with a stop below 86.20.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.