After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term and may test 1.0008 and then 0.9937. USDCHF recovered smartly from 0.9340 and it needs to trade above 0.9690 for continuing further momentum. Dow Jones settled marginally up at 12239.89 after surging to 12254.08, the most since June 2008 but there are signs of losing momentum.
Instrument Trend Trading Strategy
EURUSD Up Buy in the ranges of 1.3643-1.3645 Double Sell: Below 1.3605 TGT:1.3840
Sell in the ranges of 1.3725-1.3728 S/L: Above 1.3760 TGT:1.3645
GBPUSD Down Range bound between 1.6100 and 1.6000
USDCHF Sideways Buy in the ranges of 0.9550-0.9545 S/L: Below 0.9520 TGT1:0.9675
Sell in the ranges of 0.9650-0.9655 Double Buy: Above 0.9690 TGT:0.9550
USDJPY Sideways Buy in the ranges of 82.35-82.30 S/L: Below 81.75 TGT:82.93
EURJPY Up Buy in the ranges of 112.30-112.35, double Sell: Below 111.95 TGT:113.80
AUDUSD Down Sell in the ranges of 1.0117-1.0120 S/L:Above 1.0151 TGT:1.0009
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