EUR/USD @1.1584

Eur’s pullback frm intraday high of 1.1644 to 1.1584 is discouraging, but only a close blw 1.1526 boost bear sentiment & allow deepr drop to 1.13.

Close abv 1.1659 is needed to embolden the bulls.


Long BTC @6500

Buy BTC @6500 Tar 6650 stops below 6480

Strategy: Tight stops, Willing to re-enter trade at mentioned levels as long as BTC doesnt print lows below $6.4K

Dr. Copper is Flexing Muscles, Eyes break above Dec 2017 high

Copper has gained 6.3 percent this week and looks set to close above $3.30 (July 2014 high). It would only bolster the bullish technical setup, as indicated by the inverse head-and-shoulders breakout, solid rebound from the falling trend line in March and a rise above the ascending trendline.

Above $3.30, next big resistance is seen at $3.4617 (Dec. 23, 2013 high).

An uptick in copper prices is usually considered a positive sign for the global economy and also for the Australian dollar.

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