Trade Setups for This Week: EURUSD, AUDNZD and S&P 500
Posted: Mon Apr 25, 2016 9:34 am
Euro/dollar is a potential sell underneath 1.1370
In recent weeks, the EUR/USD has moved up to the upper boundary of a long-term trading range between 1.1450 and 1.0800. Last week, the price showed clues that it may want to move lower after a pin bar reversal signal formed showing a reversal from the 1.1370 price area. The key level to watch this week is 1.1370; any trader looking to get short (sell) this pair can watch for the price to temporarily strengthen and then watch for selling opportunities up near the 1.1370 – 1.1340 area.
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