Good morning. Euro rallied on Friday after the NFP data release, reaching $1.28 against the US dollar. Other risk currencies such as AUD followed the EUR higher. What’s also interesting these days is that EURCHF started moving, rallying 150 points before pulling back to 1.2070-1.21 where it is trading now.
EURUSD
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips at 1.2700, stop below 1.2630, target at 1.29
EURUSD daily 9-10-2012
4hrs chart:
EURUSD 4hrs 9-10-2012
EURGBP
Resistance at .7950/60 was breached and is now poviding short-term support, hence a buying level to consider
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy:to buy dips at .7950, target at .8200
EURGBP daily 9-10-2012
EURJPY
Euro climbed higher after last week’s breakout above 99 and 101 remains the first important target.
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to hold long, target at 101
EURJPY daily 9-10-2012
AUDUSD
Aussie dollar faced resistance at 61.8% fib retracement after a strong recovery, but upside remains favored while 1.0280 is not threatened
Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to hold long while above 1.0250/80, target at 1.0500
AUDUSD 4hrs 9-10-2012
S&P500
S&P500 breached above 1415 resistance, a level which is now providing support. Buyers are in control – no doubt about that
SPX daily 9-10-2012
EURCHF
I think it is a bit too early to consider any trades on EURCHF, as current moves could be only temporary. However, it’s definitely worth to keep an eye on this pair in the coming days
Market sentiment: intraday – bullish, short-term – neutral
Potential trade strategy: none
EURCHF 4hrs 9-10-2012
have a great day!
