Lots of trading opportunities as volatility picks up
Japan is off on holidays today which means that Asia might be quiet but we can expect recent volatility increases to stay with us and that means plenty of trading opportunities.
I’ll run through an analysis of each pair over the next few hours but at a quick glance, EUR/USD should struggle to get above 1.3145 (38.2% retracement of 1.4940/1.2040) and that’s the main level to watch during this session. EUR/AUD is also going to meet technical resistance and this pair is becoming ever more important during Asian trade.
I’ll also be posting the charts on Twitter so you can follow Sean_lee_forex if you want to use that avenue.