EURUSD
Trading strategy: stand aside
The euro continued its ascension against the dollar on yesterday and reached intra-day highs into the 1.3665 zone. Current pullback – to 1.3593 at the time of this writing – is rather corrective and the intra-day bullish bias should remain intact as long as the euro holds its recent gains above the 1.3540/50 support. Below the said support zone, negative sentiment will encourage further losses to 1.3470. Upside barriers are noticed at 1.3665 followed by a more notable one at into the 1.3725/40 region – recent top side – then 1.3855 higher – 61.8% of the 1.4720-1.2455 move. Current exchange rate is 1.3589 @06:05 GMT
Support levels: 1.3540/50, 1.3470 and 1.3420/30
Resistance levels: 1.3650/60, 1.3725/35 and 1.3855
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
Yesterday trading strategy:long at 1.3510, initial stop at 1.3460, objective at 1.3610. Adjust stop to breakeven on +30 pips (at 1.3540) if reached : 0 (entry not reached)
AUDUSD
Trading strategy: long at .7585, initial stop at .7535, objective at .7655. Adjust stop to breakeven on +30 pips (at .7515) if reached
A fresh yearly high has been reached on yesterday at .7782 before retracing back into the .7690 region. Daily sentiment is bullish and extended pullbacks are likely to be treated as buying opportunities. Support is emerging at .7650/60 backed by .7615 and .7550/75 while resistance starts at .7730 followed by .7780/00 and .7930 – key medium term barrier. Current exchange rate is .7694 @06:05 GMT
Support levels: .7650/60, .7615 and .7550/75
Resistance levels: .7730, .7780/00 and .7930
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: long at .7690, initial stop at .7640, objective at .7770. Adjust stop to breakeven on +30 pips (at .7720) if reached : +80 pips
EURCHF
Trading strategy: stand aside
The pair continues to move sideways into a narrow range of 65 points. On a potential escape out of the range, barriers will be faced at 1.5000/10 on the lower zone or 1.5220/30 on the upside. Intra-day sentiment is neutral while the daily is slightly bullish. Current exchange rate is 1.5110 @06:05 GMT
Support levels: 1.5060/75, 1.5000/10, 1.4910/30 and 1.4800
Resistance levels: 1.5145, 1.5175, 1.5200 and 1.5230
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
Yesterday trading strategy: short at 1.5220, initial stop at 1.5260, objective at 1.5160. Adjust stop to breakeven on +30 pips (at 1.5190) if reached : 0 (entry not reached)
