Close above 1.19300, I see this pair going further high as 1.20000 a key level. Alternative scenario, close bellow 1.18400 we might see a downside as 1.17000 next support & further 1.14000 levels.
Long positions above 1.54500 with 1.56450 & further 1.58000 as targets. Alternative scenario, if price closes bellow 1.54500 look for downside as 1.52000 a key level.
AUD seems trying to find his bottom on Daily timeframe.
Trade setup,
Sell bellow 1.09600 with 1.08350 as target.
Alternative scenario, If price closes above 1.09600 look for further upside as 1.10400 a key resist. level
EUR as the strongest currency on a 15-week period and USD as the weakest, also CoT report shows Long EUR and Short USD.
, I see this pair going further high with 1.20000 as key level. Alternative scenario if price closes bellow 1.17100 area we may expect a reversal/correction, 1.14000 as target area.
AUD as the stronger and JPY the weakest currency for the last 3weeks, this pair hit monthly high and now im looking for a correction on this pair, some possible reversal.
Trade setup,
Sell Stop @ 77.220
Profit Target @ 76.750 (47 pips)
Stop limit @ 77.500 (28 pips)
Alternative scenario,
Price close above 77.900, look for further upside as 80.00 a key level....
