EURUSD
Trading strategy: small long at 1.2990, initial stop at 1.2950, objective at 1.3070. Adjust stop to breakeven on +30 pips (at 1.3020) if reached.
The Euro continues to climb higher against the greenback, extending gains into the 1.3 zone. Key resistance at 1.3080 has been cleared out, strengthening the daily bullish structure. Next important resistance is set into the 1.3275 region and a test seem quite possible during the upcoming days. Interim resistance is formed at 1.3160 while on the downside, potential pullbacks will face support at 1.3080 then lower, at 1.3000, 1.2970 and 1.2920. While holding above the 1.3000 handle, the upside is favored, aiming to 1.3275-1.3300 on first phase and maybe to 1.3550-1.3600 later. Current exchange rate is 1.3134 @07:30 GMT
Support levels: 1.3080, 1.3000, 1.2970 and 1.2920.
Resistance levels: 1.3160, 1.3275/00 and 1.3450.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bullish
Yesterday trading strategy: small long at 1.2930, initial stop at 1.2890, objective at 1.3030. Adjust stop to breakeven on +30 pips (at 1.2960) if reached : +100 pips
AUDUSD
Trading strategy: stand aside
The Aussie dollar is consolidating gains below minor intraday resistance at .6640/60, followed by key resistance at .6690/00. Upside remains under pressure and a sustained break of .6690 will probably open .7010. Both daily and intraday studies are bullish at the time of this report. Support starts at .6550 backed by .6480 and .6355. Current exchange rate is .6630 @07:30 GMT
Support levels: .6550, .6480 and .6355.
Resistance levels: .6660, .6690/00 and .6750.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish
Yesterday trading strategy: stand aside
EURCHF
Trading strategy: stand aside
Resistance into the 1.5650 region is under pressure since Monday, the Euro trading only 5 points away from it at the time of this writing. Above 1.5650, next resistance is seen at 1.5700 and 1.5750. Both intraday and daily studies are bullish. Support emerges at 1.5530 backed by 1.5450 and 1.5400. Current exchange rate is 1.5645 @07:30 GMT
Support levels: 1.5530, 1.5450 and 1.5400.
Resistance levels: 1.5640, 1.5700 and 1.5745/50.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
Yesterday trading strategy: stand aside
