The US$ is trading lower and this weakness set in at the start of the last Asian session helping to lift the EUR/USD. US stocks continued higher on the back of strong earnings and this may continue into the next session given the strong earnings from Netflix that was released after market close.

 

Data:

 

Earnings: more big names report on Wednesday.

 

DXY weekly: holding below the weekly 200 EMA and 95 region:

 

Trend line breakouts:

S&P500 4hr: a TL b/o for 45 pips so watch for any push to the previous High:

 

EUR/USD: Don’t forget the bigger descending wedge that is brewing here:

EUR/USD 4hr: a TL b/o for 50 pips but watch the weekly 200 EMA for any new make or break.

 

EUR/USD 5 min: note how there was a great range-breakout at the start of the last Asian session. This is not all that common!

 

AUD/USD 4hr: a TL b/o for 85 pips:

 

AUD/JPY 4hr: a TL b/o for 45 pips:

 

NZD/USD 4hr: a TL b/o for 70 pips:

 

GBP/JPY 4hr: a TL b/o for 75 pips:

 

Other Markets:

ASX-200 4hr: watch for any break up and out from the 7,400 level:

 

Gold 4hr: watch for any new TL b/o:

 

GBP/USD 4hr: watch 1.38 and for any new TL b/o:

 

USD/JPY 4hr: watch for any new TL b/o: