- Copper slips below daily Ichimoku cloud, intraday bias bearish.
- Price action has broken below 20-DMA at 3.1064 and is currently holding above 50-DMA at 3.0804.
- Technical indicators are turning bearish. Stochs are on the verge of a rollover from overbought levels.
- RSI has taken a turn lower, is now biased south and has slipped below 50 levels.
- We see strong support at 50-DMA at 3.0802, break below to see further weakness.
Support levels - 3.0802 (50-DMA), 3.0632 (cloud base), 3.05 (trendline)
Resistance levels - 3.1059 (20-DMA), 3.1142 (cloud top), 3.1345 (5-DMA),
Recommendation: Good to go short on break below 50-DMA at 3.08, SL: 3.10, TP: 3.060/ 3.050/ 3.030.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD recovers slightly but trend is still bearish
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro- Woodies Pivot(Major)
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/NZD edges lower but bullish outlook persists 



