EURUSD
Trading strategy: small long at 1.5802, stop at 1.5772, objective at 1.5882. Adjust stop to breakeven on +30 pips (at 1.5832) if reached.
The Euro is orbiting around the 1.5800 mark this morning, suggesting that a rally towards the 1.59 zone is near. Intra-day support is formed at 1.5740 backed by 1.5695 and 1.5650. Minor interim resistance is seen into the 1.5815 zone and 1.5850 then a more important barrier emerges at 1.5900. The last days consolidation into the 1.57 zone helped the Euro to gather positive momentum and now it has to remain above 1.5650 in order to maintain a bullish stance. Current exchange rate is 1.5815 @06:00 GMT
Support levels: 1.5770, 1.5740, 1.5695, 1.5650 and 1.5570.
Resistance levels: 1.5800-15, 1.5850-60 and 1.5900-10.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: stand aside
AUDUSD
Trading strategy: stand aside
Consolidation may continue while below 0.9650 which is a good resistance but a break should accelerate a rally to the 0.97 zone. Support at 0.9580 and lower at 0.9540 seem stable enough to hold on a potential pullback. The upside remains highly favored as the pair has been (more or less) a one way bet lately. Current exchange rate is 0.9625 @06:00 GMT
Support levels: 0.9600, 0.9580, 0.9510, 0.9475 and 0.9425.
Resistance levels: 0.9620, 0.9650 and 0.9700.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish
Yesterday trading strategy: stand aside.
EURCHF
Trading strategy: stand aside
Upward price action may bring the 1.6220 and 1.6250 resistance levels on our attention. Although short term bias is bearish, a corrective move above the 1.6200 mark is possible. Near term support is seen at 1.6130 then 1.6100. Current exchange rate is 1.6170 @06:00 GMT
Support levels: 1.6150, 1.6130, 1.6100 and 1.6065.
Resistance levels: 1.6200, 1.6220, 1.6250 and 1.6300.
Yesterday trading strategy: stand aside
