Euro Dance
So tonight Australian time is time for President Draghi to open his mouth and dribble out some rubbish and the markets will somehow use that to justify a price movement to new levels, so here is my euro analysis.
I will state that I am trading none of this until I see price action
As I say see this a tour of the available levels, now for big days like Euro Interest rate press conference, NFP etc etc. I like to use the big charts like weekly for a view on where it might go, cause if the movement is big then you quickly run out of levels on the smaller TF. This is an extremely high levels view no point getting into the smaller TF's until the news is over.
EURAUD
On the downside the zone opens at 14430 and closes out at 14320, On the topside its a run back to 15150 where we have just been. I have a bearish bias to a point then I am bullish for this pair as long as 14320 holds.
EURCAD
The downside levels i have with significance start at 14150 and go through 14030, below this I am bearish for this pair, I think CAD does need a rest but there could be a bit more in it for now.
EURJPY
On the downside I have 12070 through to 11910 on the topside resistance starting at mid 12500 through to 12700. I don't really have a bias here its a case of play whats in front of you.
EURNZD
Completely marooned in a range between 16100 and 16800. On the downside 15890 looks like the bottom for now, with 17400 the top. if anything needs a bit of news for movement its this thing.
EURUSD
Marooned as well in a range from 10800 to 11400. On the topside I see 11550, and the bottom there is 11165 before we run into the first buyers
Over to you Mr Draghi do your worst
Simon
So tonight Australian time is time for President Draghi to open his mouth and dribble out some rubbish and the markets will somehow use that to justify a price movement to new levels, so here is my euro analysis.
I will state that I am trading none of this until I see price action
As I say see this a tour of the available levels, now for big days like Euro Interest rate press conference, NFP etc etc. I like to use the big charts like weekly for a view on where it might go, cause if the movement is big then you quickly run out of levels on the smaller TF. This is an extremely high levels view no point getting into the smaller TF's until the news is over.
EURAUD
On the downside the zone opens at 14430 and closes out at 14320, On the topside its a run back to 15150 where we have just been. I have a bearish bias to a point then I am bullish for this pair as long as 14320 holds.
EURCAD
The downside levels i have with significance start at 14150 and go through 14030, below this I am bearish for this pair, I think CAD does need a rest but there could be a bit more in it for now.
EURJPY
On the downside I have 12070 through to 11910 on the topside resistance starting at mid 12500 through to 12700. I don't really have a bias here its a case of play whats in front of you.
EURNZD
Completely marooned in a range between 16100 and 16800. On the downside 15890 looks like the bottom for now, with 17400 the top. if anything needs a bit of news for movement its this thing.
EURUSD
Marooned as well in a range from 10800 to 11400. On the topside I see 11550, and the bottom there is 11165 before we run into the first buyers
Over to you Mr Draghi do your worst
Simon
99% of Traders fail, so don't follow the herd
