Candlestick Daily: EUR/USD Forming Descending Triangle, But Will 1.30 Break Today? CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Descending triangle forming, but lack of catalyst suggests 1.30 floor may hold for another day. See full report for more details. GBP/USD (Short Term) Treading water around 1.5200 as traders wait for volatility to pick up. See full report for more details USD/JPY (Short Term) Stalling ahead of key psychological resistance at 100.00 – looking to buy dips later this week. USD/CHF (Short Term) Treading water in the mid-.9400s as traders wait for a breakout before trading. See full report for more details USD/CAD (Short Term) Back above 1.0500 after a slight pullback yesterday, still favoring a rally to 1.0600 later this week. See full report for more details AUD/USD (Short Term) Down slightly to .9180 after dovish RBA statement, but recent .9100 – .9300 range clearly intact NZD/USD (Short Term) Also rangebound, watching support at .7700 and resistance in the mid-.7800s Forex NewsJuly 9, 2013adminNo comments Permalink
