EURUSD Trading strategy: small long at 1.5715, initial stop at 1.5675, objective at 1.5765. Adjust stop to breakeven on +30 pips (at 1.5745) if reached. The 1.58 area is on focus now as the Euro climbed into the 1.5790 region where an interim barrier is formed. Resistance follows at 1.5817 then 1.5840 and 1.5900 higher. Support starts at 1.5755 backed by 1.5720 and 1.5685. Short term sentiment is bullish and while the Euro holds above the 1.5685 support level, a climb towards the 1.5900 mark is possible. Intraday momentum is bullish at the time of this report. Current exchange rate is 1.5793 @06:20 GMT Support levels: 1.5755, 1.5720 and 1.5685. AUDUSD Trading strategy: small short at .9682, initial stop at .9712, objective at .9632. Adjust stop to breakeven on +30 pips (at .9652) if reached. The previous resistance at .9600 provides intraday support now and the Australian dollar may extend its gains towards multi-year highs into the .9650 zone. A potential break would encourage further gains towards the .97 zone. Both daily and intraday studies are bullish. Current exchange rate is .9631 @06:20 GMT Support levels: .9600, .9550, .9500 and .9450-60. EURCHF Trading strategy: stand aside Important support into the 1.6020 is on focus now and a potential break may bring the next bearish objective at 1.5970 on our attention. Short term studies are bearish and a break of the 1.6145 resistance is required to signal a trend reversal. Downside is favoured for now. Current exchange rate is 1.6048 @06:25 GMT Support levels: 1.6020, 1.5970 and 1.5900
Resistance levels: 1.5800, 1.5817, 1.5840 and 1.5900.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Resistance levels: .9640-50, .9680, .9700 and .9750.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Resistance levels: 1.6095, 1.6150, 1.6200 and 1.6240.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
Monday 06.30.2008
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