At the Close. Usual Monday.

18:22CET

A usual Monday in many respects, but basically in the fact, as it has been discussed many times before here, that Monday is a USD-buying day, as so is Tuesday a USD-selling day. I do not know the reasons why this is so, but the fact is that the rule remains true.

EUR/USD is flirting with a clean break of the 1.36 support line, and that would mean that next support 1.3550 should be sooner rather than later being put at test. That said, the EUR is generally weaker across the board, as now the market turns to it instead of the USD to blame for what is going on around the world...

The rest of the majors are also showing some good USD shape, but I'm a bit reluctant to call for sustained USD gains as long as USD/CHF remains pushing without correcting off key levels. The unit has failed to clear the 0.9850 resistance, but all retracements are shallow, thus making the situation a bit overstretched there. On the other hand, the fact that the short signal in Gold has not (yet) triggered any good follow-through may be a good support for the USD. We shall see...

I'm Tony Juste, thanks for watching this blog, I look forward to meeting you again tomorrow.

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