EURUSD
Trading strategy: small short at 1.4650, initial stop at 1.4690, objective at 1.4590. Adjust stop to breakeven on +30 pips (at 1.4620) if reached.
The downside is under pressure since the support at 1.4570 failed to hold and the next important barrier at 1.4470/80 may be aimed during the upcoming trading sessions. On the upside, resistance is seen at 1.4570/80 followed by 1.4650 and 1.4720. Both daily and intraday studies are bearish and while the Euro holds below yesterday’s high at 1.4720, intraday bias favors extended dollar gains. Current exchange rate is 1.4551 @06:35 GMT
Support levels: 1.4550, 1.4500 and 1.4470/80.
Resistance levels: 1.4570/80, 1.4650 and 1.4720
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish
Yesterday trading strategy: small short at 1.4700, initial stop at 1.4740, objective at 1.4650. Adjust stop to breakeven on +30 pips (at 1.4670) if reached : 0 (entry not reached)
AUDUSD
Trading strategy: small short at .8510, initial stop at .8550, objective at .8460. Adjust stop to breakeven on +30 pips (at .8480) if reached.
Key medium term support into the .8490/00 region has been broken recently and should provide and interim resistance followed by .8535 and .8590 and .8655/60. Next support is noticed at .8400. Both daily and hourly studies are highly bearish. Current exchange rate is .8440 @06:35 GMT
Support levels: .8430, 8400 and .8350.
Resistance levels: .8490, .8535, .8590 and .8655/60.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish
Yesterday trading strategy: small short at .8590, initial stop at .8630, objective at .8540. Adjust stop to breakeven on +25 pips (at .8565) if reached : 0 (entry not reached)
EURCHF
Trading strategy: small short at 1.6115, initial stop at 1.6155, objective at 1.6065. Adjust stop to breakeven on +30 pips (at 1.6085) if reached.
The breach of 1.6100 support may confirm the end of the ranging period. The downside is on focus while the previous support at 1.6100 provides a stable resistance. Next support emerges at 1.6020 and 1.5975. Daily and intraday studies are bearish. Current exchange rate is 1.6070 @06:35 GMT
Support levels: 1.6060, 1.6020 and 1.5975.
Resistance levels: 1.6100, 1.6135 and 1.6180
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
Yesterday trading strategy: stand aside
