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Breakout: Buy on Daily Close above 1.55377 Retrace: Look for bounce to Buy at 1.54315

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Bullish EURUSD above 1.33412 First Target June High Second Target 76.4 Fib

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Heavy selling came in at the key 1.0400 handle and the break of trend line resistance turned support indicates that there is no longer any upside momentum. Expecting risk aversion to continue unless there are developments out of the Spanish elections. Next level of support comes in at 1.0280 and if that gives way then I'll be looking to sell heavily into 1.0150...

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Today in the Asian session the AUDUSD has slowly been grinding higher highs while the NZDUSD has been grinding lower lows. As these pairs usually move in lockstep analysis shows the AUDNZD has failed trend line resistance at 1.265 and formed a double top with MACD and RSI also showing bearish divergence. Selling here provides great Risk to Reward

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If you missed the EURUSD bull run here is the next potential setup that might be coming up, EURUSD has broken through significant levels and looks like it could be attempting new month highs where it will be encountering potentially significant resistance at 1.3180 (previous highs and descending upper trend line) Look for a signal to sell short with a target of...

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Fed QE hopes has provided a good opportunity to short the AUDUSD. 2 weeks ago price closed just below the upper trend line from 24/7 and 5/2 with a candlestick doji followed by a bearish engulfing candle. ADX is showing no trend so use of the Stochastics indicates overbought levels with bearish divergence, further supporting this trade. I have personally taken a...

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Despite Mario Draghi saying not to sell the Euro, I am short @ 1.238 The daily chart has not been able to close above the 50dma and has formed an ascending wedge within the descending channel which is a bearish continuation pattern. Bearish divergence is indicated on the MACD and Stochastics with the latter also showing overbought levels. 1st Target is @ 1.225...

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Looking to Sell USDCHF coming into Swiss unemployment and CPI numbers due to be released today Bearish divergence indicated on the daily MACD and RSI indicate a possible trend direction change and yesterday's close below the rising trend line support confirms this. Entry @ 0.97 S/L @ 0.975 50 pips T/P1 @ 0.956 140 pips R/R 1:1.43 T/P2 @ 0.942 280 pips R/R 1:2.9