| A look at the EURUSD, AUDUSD and the USDJPY
The EURUSD, the AUDUSD and the USDJPY are all trading around some technical levels that could set up some low risk trading opportunities. The EURUSD is trading in the most narrow trading range for a week since end of 2014 with one day to go. Will it be a new 2-year record? or will we extend? The AUDUSD held a nice trend line earlier today. It held a nice MA yesterday. We trade in the middle of that range with some other MA’s and retracement levels nearby to lean against. Finally, the USDJPY as three risk defining levels where swing lows and highs defined tops/bottoms. We are below the middle area giving a little negative bias. Will the market continue to correct lower or continue the upward bias seen in that pair since July 8th. |
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