EUR/USD – euro/dollar continues to lose ground
The EUR/USD sell-off continued last week as prices capitulated lower. Price is approaching a key support level down near the 1.0500 area, but we remain bearish on this pair and will watch for any strength this week to get short. Traders can watch the 8 / 21 day exponential moving average layer for selling opportunities, with the key sell-level being up near 1.0850; whilst under that level we remain aggressively bearish.
USD/JPY – dollar/yen bulls in control
As we have discussed in recent members market commentaries on the USD/JPY, the trend appears to ... (read more)