Daily -“As is the case with EUR/USD and USD/CHF, continued failure at trend extremes warrant caution although there is nothing ‘solidly bearish’ to work with just yet. Weakness below 100.51 (December 2015 high) would suggest a broader reversal.” 100.51 (2015 high) is classified as a decision point (make or break level). It’s OK to lean towards the long side as long as that level holds. Weakness below would suggest a broader reversal is ...
EUR/USD Weekly EUR/USD continues to trade on a long term parallel and the weekly wicks (key reversal this week) denote active support. I don’t like being a bear in the face of active support at a well-defined parallel… As always, define your risk points (read more about traits of successful traders here). GBP/USD Weekly GBP/USD needs to take ...
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