Prior -40
- Trends selling prices 0
- Prior -8
UK factory orders balance rises to a ten-month high in December and though that might be related to some Brexit stockpiling, it is still at a relatively subdued level overall.
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
Further Development
Analyzing the current trading chart of EUR/USD, I found that there is completed bull flag pattern and potential for the upside continuation.
My advice is to watch for buying opportunities on the dips with the upside targets at 1,2275 and 1,2350/80.
Additionally, Stochastic oscillator is showing the new leg upside and fresh bull cross, which is sign that there is the upside continuation on the way.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Lumber today and on the bottom Lean Hogs and Orange Juice.
Key Levels:
Resistance: 1,2275 and 1,2350/80.
Support level: 1,2240
