Sample Category Title

Pivot (invalidation): 5.3290

Our preference Long positions above 5.3290 with targets at 5.4080 & 5.4460 in extension.

Alternative scenario Below 5.3290 look for further downside with 5.3000 & 5.2690 as targets.

Comment The RSI advocates for further upside.

Pivot (invalidation): 0.7255

Our preference Long positions above 0.7255 with targets at 0.7280 & 0.7300 in extension.

Alternative scenario Below 0.7255 look for further downside with 0.7235 & 0.7220 as targets.

Comment A support base at 0.7255 has formed and has allowed for a temporary stabilisation.

Pivot (invalidation): 1.3180

Our preference Short positions below 1.3180 with targets at 1.3135 & 1.3120 in extension.

Alternative scenario Above 1.3180 look for further upside with 1.3200 & 1.3220 as targets.

Comment The RSI advocates for further downside.

Pivot (invalidation): 1.0040

Our preference Long positions above 1.0040 with targets at 1.0085 & 1.0105 in extension.

Alternative scenario Below 1.0040 look for further downside with 1.0015 & 1.0000 as targets.

Comment The RSI is supported by a rising trend line.

European Commission Vice-President Valdis Dombrovskis said in an interview with Il Sole 24 Ore that Italy's 2019 draft budget plan "significantly" deviates from the country's commitment to the EU. The resubmitted plan kept the highly criticized budget deficit target at 2.4% of GDP and growth forecasts unchanged at 1.5%. Dombrovskis said that is "openly" challenging the budget rules agreed by all Eurozone countries. Also, he said the plan is "counterproductive" as it triggers investor concerns and would push bond yields higher.

Dombrovskis also warned that if Italy no longer comply with the Stability Pact, opening a procedure of penalty "would be justified".

Pivot (invalidation): 2700.00

Our preference Long positions above 2700.00 with targets at 2765.00 & 2790.00 in extension.

Alternative scenario Below 2700.00 look for further downside with 2670.00 & 2640.00 as targets.

Comment The RSI is bullish and calls for further upside.

Former Brexit Minister David Davis, the one before resigned Dominic Raab, criticizes that PM Theresa May's Brexit agreement is a "dreadful deal" that is ""very, very favourable" to the EU. And, "It really does not fly by any measure, it doesn't meet the requirements of the people, it's not what they voted for, it doesn't meet the requirements of the Conservative manifesto."

And he predicts that the agreement will be rejected by the House of Commons. Then, the government will have to come up with an alternative. And, May "will have to go back to renegotiate".

Pivot (invalidation): 11254.00

Our preference Long positions above 11254.00 with targets at 11425.00 & 11490.00 in extension.

Alternative scenario Below 11254.00 look for further downside with 11190.00 & 11140.00 as targets.

Comment A support base at 11254.00 has formed and has allowed for a temporary stabilisation.

Pivot (invalidation): 55.80

Our preference Long positions above 55.80 with targets at 57.35 & 58.20 in extension.

Alternative scenario Below 55.80 look for further downside with 55.20 & 54.75 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 14.2000

Our preference Long positions above 14.2000 with targets at 14.3800 & 14.4600 in extension.

Alternative scenario Below 14.2000 look for further downside with 14.1300 & 14.0900 as targets.

Comment The RSI advocates for further advance.