EURUSD
Trading strategy: short at 1.4350, initial stop at 1.4410, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4320) if reached
Intra-day resistance formed by Friday’s top at 1.4250 is being tested at the time of this writing. Support has been set at 1.4170 on overnight’s pullback and the upside is likely to remain under pressure especially if the euro will break above 1.4250, opening 1.4340 for a later test – maybe today. Short-term momentum is also positive and won’t be affected on potential pullbacks as long as the euro holds gains against the dollar above 1.4050. Current exchange rate is 1.4245 @06:15 GMT
Support levels: 1.4170, 1.4120/40, 1.4100 and 1.4050
Resistance levels: 1.4250, 1.4275/00, 1.4340/50 and 1.4400
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Friday trading strategy: small short at 1.4220, initial stop at 1.4270, objective at 1.4120. Adjust stop to breakeven on +30 pips (at 1.4190) if reached : 0 (closed at breakeven)
AUDUSD
Trading strategy: stand aside
Next objective on the upside is emerging at .8260 and the Aussie dollar seem prepared to re-test the mentioned objective within the coming days. Both short-term and intra-day studies are bullish and the key resistance at .8380 – 61.8% of the large decline from .9850 to .6005 – is the next objective, once .8260 will be, eventually, cleared out. On the inferior region – support starts at .8180/85 backed by .8130/45 lower. Current exchange rate is .8212 @06:15 GMT
Support levels: .8180/85, .8130/45 and .8000
Resistance levels: .8250/60, .8300 and .8380
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Friday trading strategy: stand aside
EURCHF
Trading strategy: stand aside
Upside is slightly favored as the euro has climbed past resistance at 1.5230/35. A daily bar close above the said level will confirm the uptrend’s resumption and that may occur today. Next objective is 1.5275 – 61.8% of the 1.5380-1.5105 pullback. Current exchange rate is 1.5237 @06:15 GMT
Support levels: 1.5230, 1.5170, 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5275, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
Friday trading strategy: stand aside
