EURUSD
Trading strategy: short at 1.4360, initial stop at 1.4420, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4330) if reached
Support into the 1.4150/60 region has provided the reversal point once again on yesterday and the euro is back above 1.4200, testing offers around 1.4250 at the time of this writing. Upside is likely to remain under pressure as both short-term and intra-day studies are bullish, first resistance being formed by 1.4275. A break above the said barrier would open 1.4340 for a later test. On the downside, support starts on the mentioned 1.4150/60 backed by 1.4100 and 1.4050 lower. Current exchange rate is 1.4250 @06:10 GMT
Support levels: 1.4150/60, 1.4100, 1.4050, 1.4015 and 1.3970
Resistance levels: 1.4275//00, 1.4340/50 and 1.4400
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: long at 1.4105, initial stop at 1.4045, objective at 1.4175. Adjust stop to breakeven on +30 pips (at 1.4135) if reached : 0 (entry not reached)
AUDUSD
Trading strategy: stand aside
The Aussie dollar tests the upside once again after recovering from the .8100 mark where it pulled back on yesterday. Important resistance is formed into the .8240/60 zone followed by the 61.8% of the .9850-.6005 decline – at .8380. Breaking above .8240/60 should be an easy task but we’ll see how the pair will react on reaching the .8380 barrier within the next days, eventually. Current exchange rate is .8192 @06:10 GMT
Support levels: .8130/50, .8085, .8050 and .8000
Resistance levels: .8200 and .8250/60
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: small long at .8180, initial stop at .8130, objective at .8260. Adjust stop to breakeven on +30 pips (at .8210) if reached : 0 (closed at breakeven)
EURCHF
Trading strategy: stand aside
Nothing happened since yesterday as the pair traded into a range of 28 points. Same minor resistance at 1.5170 is being tested at the time of this writing. In case of a breakout, we’ll see if the euro manages to climb to as high of 1.5200 until the end of this week. Current exchange rate is 1.5164 @06:10 GMT
Support levels: 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5170, 1.5235/50, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
Yesterday trading strategy: stand aside
