Today’s highlights:
EUR/USD: Solid rebound from 1.4195 (now also key basing line) to new recovery peak. Also above the 55-DMA, through the Friday peak, 1.4341, is needed to confirm a base
USD/JPY: Resilient digestion and prodding higher leaves latter part of month risk to chart/200-day MA targets at 82.79/81
GBP/USD: Failure back from 55-DMA/1.5310 for approach to 2011 trend support, now 1.6100. Having held initially, risk growing for overshot down to 200-DMA, 1.5927
Today’s trades:
EUR/USD: Long at 1.4240 for 1.4440; stop/reverse 1.4190
USD/JPY: Long at 81.25 for 82.75; stop 80.15
GBP/USD: Reversed short from 1.6315 to long at 1.6106 low; reverse back to short at 1.6280 or below 1.6090 for 1.5940
USD/CHF: Flat, re-enter long at .8705 for .9006; exit .8670
AUD/USD: Short at 1.0695 for 1.0425; reverse to long here or to flat above 1.0725 (re-enter short below 1.0385)
NZD/USD: Flat, sell at .7965 for .7765; stop/reverse .8006
USD/CAD: Short at .9700 for .9515. Exit above .9805
Credit Suisse
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