EURUSD
Trading strategy: short at 1.4170, initial stop at 1.4220, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4140) if reached
The euro recovered on yesterday, climbing back into the 1.4000 resistance region. Intra-day momentum is positive and further gains are likely, aiming towards the recent top side of 1.4050. Above 1.4050, gains may extend to key barrier at 1.4185 – median retracement of the large decline from 1.6035 to 1.2330. Looking south, support is emerging at 1.3960 then lower at 1.3900 and 1.3850. Current exchange rate is 1.3997 @06:05 GMT
Support levels: 1.3960, 1.3900 and 1.3850
Resistance levels: 1.4050, 1.4100 and 1.4185
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: long at 1.3855, initial stop at 1.3805, objective at 1.3955. Adjust stop to breakeven on +30 pips (at 1.3885) if reached : +100 pips
AUDUSD
Trading strategy: stand aside
The Aussie dollar is approaching the resistance zone at .7930 which is followed by the .8000 barrier. A breach above the said barriers will turn the long-term momentum positive. Intra-day studies are bullish and on potential pullbacks, the pair will face support at .7890 then lower – at .7835/50 and .7750. Current exchange rate is .7910 @06:05 GMT
Support levels: .7890, .7835/50 and .7750
Resistance levels: .7930, .8000 and .8050
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: short at .7940, initial stop at .7990, objective at .7880. Adjust stop to breakeven on +30 pips (at .7910) if reached : 0 (entry not reached)
EURCHF
Trading strategy: stand aside
Daily sentiment remains slightly bearish as the pair fails to advance towards the 1.5160 resistance and hardly moves, daily range being still below 60 points. Minor support is seen at 1.5095 and a slip below the said level may open 1.5000/10 for extended losses. Current exchange rate is 1.5115 @06:05 GMT
Support levels: 1.5095, 1.5050 and 1.5000/10
Resistance levels: 1.5150/60, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
Yesterday trading strategy: stand aside
