This Week’s Trade Ideas: EUR/USD, AUD/USD, Gold, S&P 500

[kreslik.news]

EUR/USD – euro/dollar contained under key resistance



In our recent commentaries on the EUR/USD, we focused on a false breakout above 1.1450 resistance that occurred the week before last and that near-term momentum in this pair was bearish (moving downward). As a result, we are bearish in the near-term and while price is contained under 1.1450 – 1.1530 we see the potential for more downside movement and can look to be sellers should price form a price action signal on any temporary rally back toward 1.1420  – 1.1450 area. It’s important to note that an upward move and close above 1.1530 ... (read more)