CURRENCY | CURRENT BIAS | POTENTIAL STRATEGY |
EUR/USD (Short Term) | Strong selling pressure as rates approach key 1.3000 support, break below exposes 1.2900 next | |
GBP/USD (Short Term) | Sell if GBP/USD breaks below 1.5340, stop at 1.5375, target at 1.5303. See full report for more details | |
USD/JPY (Short Term) |
USD/CAD: Breakout Buy Chance, Target above 1.0600
The USD/CAD pullback thus far this week was limited to the 23.6% retracement of the surge starting midway through last week, showing that the bulls clearly remain in control of trade. At this point, a breakout to new 20-month highs above 1.0555 would open the door for a run up to at least the...
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