Today’s highlights:
EURUSD: Cautious Monday, but prod at 1.3363 this morning reinforces bearish “outside” Friday for defensive digestion tone. Only below 1.3258 though, sets a more bearish stance
GBPUSD: “Inside” Monday hesitancy holds above minor support at 1.5583/77 and whilst even above 1.5526 the bias remains up through 1.5781 to 1.5869/89
AUDUSD: Event-driven setback this morning holding above 1.0151 initial support to keep bias this week up through 1.0335/47 barriers closer to the 200-day MA, 1.0415
USDCAD: Support at 1.0093/54 holds for now, with bias back to the 1.0257/65 pivot area. But whilst below here, the threat is through 1.0054 closer to .9887/57 foundations
Today’s trades:
EURUSD: Long entered at 1.3376 for 1.3608; exit 1.3249
USDJPY: Long at 77.65 for 78.76; reverse to short here (or exit below 76.94) with stop/reverse above 79.55
GBPUSD: Long at 1.5586 for 1.5844; exit/reverse 1.5418
USDCHF: Long at .9088 for .9400; exit/reverse through .9065 for .8776
AUDUSD: Flat, retry long at 1.0176 for 1.0410; exit 1.0076
NZDUSD: Long at .7515 for .7888; exit .7709
USDCAD: Long at 1.0086 for 1.0255. Exit/reverse back to short here or through 1.0054
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http://www.easyforexnews.net/wp-content/uploads/2011/12/document-933389241.pdf
Credit Suisse
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