EURUSD
Trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached
The Euro has found support at 1.2730 but the downside remains under pressure and a potential break will bring the lower objective at 1.2460 on focus. On the upside, intraday resistance starts at 1.2860 followed by 1.3 and 1.3140. Daily momentum remains bearish while the intraday studies are slightly bullish. A corrective move is likely to push the Euro past the first resistance barrier at 1.2860 but 1.3 should limit the upside by renewing the bearish positions. Current exchange rate is 1.2836 @06:30 GMT
Support levels: 1.2800, 1.2730 and 1.2650.
Resistance levels: 1.2860, 1.3 and 1.3140.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
Yesterday trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached : 0 (entry not reached)
AUDUSD
Trading strategy: stand aside
The downside is favored and the decline may extend lower towards .6540/50 and .6340 later. Resistance emerges at .6735 followed by .6880 and .7065. Support is seen at .6540/50, .6445 and .6340. Hourly studies are bearish. Current exchange rate is .6683 @06:30 GMT
Support levels: .6540/50, .6445 and .6340.
Resistance levels: .6735, .6880 and .7065.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
Yesterday trading strategy: stand aside
EURCHF
Trading strategy: small short at 1.5070, initial stop at 1.5110, objective at 1.4980. Adjust stop to breakeven on +30 pips (at 1.5040) if reached
After testing bids at 1.4845 on yesterday, the Euro recovered some of its losses Vs the Swiss Franc, aiming to 1.4965. Resistance is seen at 1.4965 followed by 1.5075 and 1.5145. Support is eyed at 1.4845 and 1.4790. Daily bearish structure is intact and the Euro will face solid resistance on a potential pullback above the 1.4965 handle, at 1.5070/75. Current exchange rate is 1.4955 @06:30 GMT
Support levels: 1.4900, 1.4845 and 1.4790.
Resistance levels: 1.4965, 1.5075, 1.5145 and 1.5190.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
Yesterday trading strategy: small short at 1.5140, initial stop at 1.5180, objective at 1.5080. Adjust stop to breakeven on +30 pips (at 1.5110) if reached : 0 (entry not reached)
