The major block to compassion is the judgment in our minds. Judgment is the mind’s primary tool of separation. ~ Diane Berke
Good morning. Dollar holds onto gains as the euro is under pressure, declining towards $1.300 support. Not much is expected to happen until later today when the NFP data will be released.
USD Index
A potential EURUSD breakdown below 1.300 should push the dollar index to 80.50 and maybe 81, where the next resistance zone is formed.
USD Index Daily 4-6-2012
S&P500
Correction continues but support formed by the bottom around 1390 still holds. I remain bullish, waiting for today’s market reaction to jobs report
SPX Daily 4-6-2012
EURUSD
1.300 is in focus and the question is whether it a bounce is likely. I, for one, don’t want to be on buyers’ side without seeing a reversal candle first, such as the one formed on February 16.
EURUSD Chart Daily 4-6-2012
AUDJPY
Yesterday’s candle suggests that a recovery is due, so it seems a good idea to look for buying opportunities on strength above 85 (former support zone)
AUDJPY Chart Daily 4-6-2012
USDJPY
82 is intact after several tests, but bounces are weak; it’s probably best to wait for it to exit the range
USDJPY chart Daily 4-6-2012
EURAUD
I was expecting the recovery to continue towards 1.3000 but the sell-off is too strong these days. After yesterday’s drop, it’s probably best to look for more selling opportunities
EURAUD Chart Daily 4-6-2012
Have a great day!
Hi Liviu,
Do you think it's a good idea to trade today as London and NY are closed? Aren't we likely to get false PA movements, especially after the NFP number is out?
Would appreciate your advice. ;)
probably a good idea not to trade until after Easter holiday.
Anyway, if it moves.. it's tradeable :)