Today’s highlights:
EURUSD: Aggressive plunge through numerous chart support leaves indecisive tone for November. Risk today for mini-base above 1.3765 towards 1.3871
GBPUSD: Trend support breached, but chart support 1.5891 holds. Whilst intact, the risk is higher, through the 1.6167 peak up to our November 1.6330 target
AUDUSD: A top through 200-day MA & 13-day EMA. Erratic digestion expected above 1.0232 retrace support, only positive again above 1.0568/82
Today’s trades:
EURUSD: Flat, exited short from 1.3924 at 1.3656. Try a long at 1.3641 or through 1.3766 for 1.3869; exit 1.3599
USDJPY: Long at 77.76 for 78.94; exit 77.44
GBPUSD: Long entered at 1.5976 for 1.6325; exit 1.5868
USDCHF: Flat, retry short at .8948 for .8576; exit .9085
AUDUSD: Reversed to short through 1.0388 for 1.0266; exit/reverse above 1.0416 for 1.0544
NZDUSD: Flat, retry long at .7916 or through .7982 for .8124; exit .7844
USDCAD: Flat, retry short at 1.0210 for .9974; exit 1.0276
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/document-804587950.pdf
Credit Suisse
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