AUD,NZD/EUR/USD/Trade Ideas/USD/JPY

Around the strategists: Any stand-out trading ideas for early European trade?

Short answer is no but there are some reasonable risk-reward trades:

  • USD/CAD seems well capped at 1.0040 so selling rallies with tight-ish stop above 1.0060 seems like a popular trade idea:
  • USD/JPY; very well bid and most strategists favour buying dips varying from 80.90 down to 80.30 (my preferred entry level):
  • EUR/USD; favoured selling near 1.2800 with tightish stops above 1.2825:
  • AUD/USD; once again selling rallies favoured trade:

Unusually most intraday strategists seem to have same views, buying USD on dips with the exception of the CAD.

  1. From what I gathered: EUR/USD offers 2800, 2840 – bids 2720 2680, stops below 2690 and abv 2800, barrier 2650 & 2600. Sentiment seems positive for now, I think we will push into the stops abv 2800.

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