Today’s highlights:
EUR/USD: Impressive turnaround ahead of 1.3050 retrace target needs to overcome bear gap (1.3382-84) to ease bear pressures; 1.3580 needed for a better basing/recovery
GBP/USD: Rebound ahead of the recent 1.5328 trough hints at a base; above 1.5613 would enhance. A “Double Bottom” still requires confirmation through 1.5717
USD/CAD: Setback from close to our 1.0669/81 target hints at a mini-top. Back through 1.0465 would ease bull risk, a reversal of the 13-day EMA, 1.0315 needed for a top
Today’s trades:
EUR/USD: Flat, retry short at 1.3390 for 1.3060; exit 1.3466
USD/JPY: Short at 77.22, for 75.05, stop 77.90
GBP/USD: Short at 1.5624 for 1.5355; exit/reverse 1.5726
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Short at .9535 for .9230; exit/reverse above .9610
NZD/USD: Short at .7637 for .7456; exit/reverse .7652
USD/CAD: Long (unwanted) through 1.0576; reverse to short at 1.0570 or below 1.0508 for 1.0355 (exit/reverse 1.0660)
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http://www.easyforexnews.net/wp-content/uploads/2011/10/document-804516570.pdf
Credit Suisse
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