Today’s highlights:
EUR/USD: Plunge through trend and chart support negates basing effort and leaves threat this week through the recent 1.3497 low to key 1.3428/10 area
GBP/USD: Plunging through a support vacuum towards key retracement support at 1.5490 this week, with overshoot risk to 1.5345/5296
USD/JPY: Negative “outside” Monday to prod below 76.42 range support risks test of 75.95 record low. Extension target is 74.80
AUD/USD: Probing through 1.0178 back from 1.0373/77 resistance leaves midweek risk through 1.0111/07 to key .9933/27 area into latter September
Today’s trades:
EUR/USD: Short through 1.3703 for 1.3430; exit 1.3796
USD/JPY: Short at 77.22 for 76.00, stop 77.90
GBP/USD: Short through 1.5748 for 1.5506; exit 1.5906
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Short at 1.0359 for 1.0011; exit 1.0476
NZD/USD: Short at .8310 for .8105, stop at .8430
USD/CAD: Long at .9851 for 1.0285; exit .9719