Forex Trades
FX Daily Crosses
Today’s highlights: – EURGBP: Market defends .8571/6 support initially, however, whilst capped by the .8685/.8724 resistance zone, the focus looks set to continue lower broadly for .8442/11.
FX Daily Majors
Today’s highlights: – AUDUSD: Advance continues aggressively higher, after breaking above the flagged trendline and removing resistance at 1.0292. The focus remains higher towards 1.0376.
FX G10/EM Morning Trader Views
EUR – Another quiet session for eur in a 42-71 range in Asia as mkt awaits Draghi tomorrow. Expecting 1.3080/00 to again provide resistance topside, as it did yesterday,
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance at .8685 continues to cap the market, with the focus remaining on support at .8571. A break below here is expected, with risk down to .8442/11.
FX Daily Majors
Today’s highlights: – AUDUSD: Sharp ‘morning star’ reversal pattern warns of a base. The market needs to break out above trendline resistance at 1.0273. Above here would target 1.0376.
FX G10/EM Morning Trader Views
EUR – Quiet Asia session again as we head into the PMI no.s today in europe. We held the dip at 1.2980 yesterday in ldn and ny well with spec and corp buyers,
FX Daily Crosses
Today’s highlights: – EURGBP: Bias remains lower within the range, with the focus remaining on key range/neckline support at .8571/6. Below here completes a top for .8442/11.
FX Daily Majors
Today’s highlights: – USDCHF: Intermediate term base completion occurs through .9391. We target the 61.8% and 78.6% retracements at .9609 and .9769.
FX G10/EM Morning Trader Views
EUR – Nasty squeeze back towards 1.3040 in late NY Friday cleaned the decks of a few short/stops topside however we have failed to make any further eur gains in Asia.
FX Daily Crosses
Today’s highlights: – EURSEK: Break below 8.4108/4019 resolves the range lower, clearing the way for a decline to 8.3134.
FX G10/EM Morning Trader Views
EUR – So after the painful squeeze yesterday in Asia, eurusd is resold into the month end and we open today back around the Asia lows.
FX Daily Majors
Today’s highlights: – USDCHF has formed a bullish “outside day” to target critical chart/38.2% retracement hurdles at .9384/91. Above here would see a base.