Light stops reported below 1.3080 but solid bids also seen (1.3065/70). Check the members section throughout the day for more order updates.
Hi Sean, any info on AUD/USD? Thanks.
The market is uncertain this morning which suggests we might have a highly volatile session. NOT A GOOD DAY TO TRADE IMHO! The positive Chinese economic numbers did not generate a real rally. This suggests that further fall might be in the menu. The EURUSD is not overbought as it was yesterday but it is very possible that it will come oversold today if it moves down to 1.3050, offering a beautifull buy opportunity. A dangerous double top is starting to form on a daily basis btw. Spanish bonds are flirting with the bollinger band resistance, and are signaling a possible rally in the bond market. If bonds fall below 5%, one should buy EURUSD since this would be extremely bullish. But we doubt this is going to happen, and a likely rebound or stagnation at this levels is set to occur imho.
My recommendation for today is to wait for the EURUSD to fall closer to 1.3050 to start buying with SL below 1.30. Otherwise if we rally up again towards 1.317 we should go short as I mentioned yesterday all the way up 1.324 with SL above 1.325.
Just put a piece up on EUR/AUD Jones, some buy order going through right now. Local banks remain v bullish AUD/USD saying we might see 10450+
Thanks for the info Sean. The upward momentum seems very strong. Just closed my short, made some dinner money. Looking forward to dinner now, instead of staring at monitors all day long 🙂
If 1.04 breaks, I’ll look to buy dips around 1.0404. Is the next resistance around 1.0465/75?
Jones, its not really a trending mkt therefore Fibos aren’t all that reliable but I’d still watch the 618 at 10440 first, https://www.tradingview.com/x/d2PACL4N/
china is selling eurusd. Heard about it from your end?
No mention of that from any of 4 big investment banks but I guess it’s still possible
probably its the other CB the investment bank was talking about
Probably one of smaller names, if China starts selling then it usually goes lower
Sean, how does one get access to the members area?
Panda, I’ll send you an email in the morning
EURUSD demand level is at 1.3057. Im willing to buy there from those novice trader for a bear trap if they thought to take those break out below.
Nice pick there Haji, absolute bottom so far
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