EURUSD - Intraday - We look to Buy at 1.0924 (stop at 1.0894)
Broke the sequence of 2 negative daily performances. Bespoke resistance is located at 1.1026. The previous swing high is located at 1.1024. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. A break of bespoke resistance at 1.0960, and the move...
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EUR optimism is mounting as EUR overstep psychological threshold of 1.1000 ag USD once again.
* The pair sparked during the Asian session as the markets participants started selling USD on the back of a Bloomberg's report stating that the US is planning to enter into a currency agreement with China.
* In the short-term,...
Price has broken back into an area of former congestion (108.8 - 106.8) and has fallen to test the lower range after a double-top
Price action has now stalled and is showing some indecision, forming an inside bar.
Trading the break of the mother bar to the downside should see a restest of recent lows (see chart)
Price has been halted at resistance (previous swing highs)
Two bearish candles, including a doji suggest indecision and bearishness creeping in
Should price begin to fall, I expect a test of the 50% - 61.8% fib levels which has confluence with a significant support level (0.62690)
Should price test and hold, I will look to get into a long position.
Kiwi has double bottomed with no bullish follow-through.
Price is grinding away at long term daily support.
If support breaks with momentum, then there is a lot of air before the next support level, with a very strong weekly support level at 0.602 (the 161.8 Fib extension level)
USDCHF is now trading at trendline and horizontal resistance after the midterm uptrend. The pair appears bullish around this area so we will wait to see a rejection of this level before looking for short entries.
CHFJPY has pulled back to the lower boundary of its recent 4 hr range as it continues to trade within this wedge pattern. The pair trades at horizontal support and bollinger band support and has displayed bullish price action around this area.