Daily Briefing- US Futures lower ahead of retail sales data

– UR/USD: The pair is trading in a wedge pattern on a 60 minute time frame. The next resistance is at 1.146 and the support is at 1.1024.
– USD/JPY: The pair has broken its wedge pattern towards the downside on a 60 minute time frame. The next resistance is at 121.75 and the support is at 118.55.
– GBP/USD: The pair has bounced from its upward trend line on a 60 minute time frame. The resistance is near the 1.5530 and the next support is at 1.5107

European Market and US Futures Under Red Blanket

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European markets and US futures are trading lower ahead of action packed day. The US markets were pushed lower and the red blanket pretty much covered all the indices last night. A similar situation took place over in Asia where investors are apprehensive about the sluggish growth in China and the recent data released this week has added negative sentiment for the European trading session.