USOIL sliding lower
Crude oil hit a new low as oil exports from Saudi Arabia outweighed tensions in the Middle East.
- Over $15 has fallen off the price since hitting a peak a few sessions ago.
- 92.00 provides a solid support but is vulnerable to another downturn.
- 88.50 is a critical floor to prevent a prolonged sell-off.
- A break higher finds need a significant bounce at 92.00 to pass through 95.00 to test towards 100.00.
EURUSD stuck in consolidation
The euro failed to lift prices out of the recent consolidation zone.
- As traders digest the Fed’s recent decision, the pair looks for direction to break free.
- A close below the immediate support of 1.1460 will lead to a deeper sell-off.
- 1.1500 is the closest resistance, and its breach would trigger a retest above 1.1560.
USDJPY maintains rally
The Yen retreated as the Dollar gained over 200 pips in recent sessions.
- 158.60 is now a major ceiling to lift.
- A continuation would force the remaining bears out and cause a runaway rally.
- On the flip side, a fall below 157.00 would expose the key level at 155.50.
