Technical analytics

The pound continued its negative trajectory last week. 

Fresh bids around 110.00 helped the US dollar to revert its recent losses. 

Sellers continued to dominate in the market. 

The price bounced from the upper limit of the upward channel at 131.00 and declined to its lower one at 130.00 on Friday

The US dollar extended its recovery last week when the price broke 1.2600 and headed towards 1.2700.

Bulls gave up control on Friday giving the way to sellers. 

Brent continued its trades between 52.50 and 51.50 on Monday. 

DAX

DAX opened in the green on Monday.

S&P500 is still neutral staying in a tight range 2470-2475.

The single currency kept the upbeat tone unchanged vs. its US peer on Friday.