EURUSD
Trading strategy: stand aside
Recent climb past the 1.5885/90 initial resistance confirms the uptrend and important resistance at 1.5930/35 is on focus at the time of this writing. A potential break of the 1.5930/35 barrier may encourage a rally towards the 1.6 zone where next important resistance levels are seen at 1.6020 an 1.6050. The upside will remain on focus while intraday support into the 1.5880 region is intact. Stronger support is seen at 1.5840/50. Current exchange rate is 1.5929 @06:40 GMT
Support levels: 1.5900, 1.5880, 1.5840/50 and 1.5780.
Resistance levels: 1.5930/35, 1.5950 and 1.6020/40.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: stand aside
AUDUSD
Trading strategy: stand aside
Interim support at .9740/45 is being tested again at the time of this writing, stronger support being formed around .9725 and into the .9665 region. Resistance starts at .9770 followed by .9790/00 and .9850. Short term studies are bullish while the intraday charts are slightly bearish. A break above .9770 resumes uptrend. Current exchange rate is .9753 @06:40 GMT
Support levels: .9740/45 .9705, .9665/75 and .9640/50.
Resistance levels: .9770, .9800 and .9850.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: stand aside
EURCHF
Trading strategy: small short at 1.6290, initial stop at 1.6333, objective at 1.6240. Adjust stop to breakeven on +30 pips (at 1.6260) if reached
Important resistance into the 1.6215/25 zone remains intact and a potential break may bring the 1.6300 resistance on focus. Intraday support starts at 1.6165 backed by 1.6110. Short term studies are bullish. Current exchange rate is 1.6204 @06:40 GMT
Support levels: 1.6165, 1.6110 and 1.6080.
Resistance levels: 1.6215/25, 1.6240 and 1.6300.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: small short at 1.6295, initial stop at 1.6335, objective at 1.6245. Adjust stop to breakeven on +30 pips (at 1.6265) if reached : 0 (entry not reached)
