Couldnâ€™t hold above the 1.4712 support level Friday and it fell all that way to test minor support at 1.4636, where is basically closed on Friday. Next key support is 1.4620 (rising uptrend from 17 Aug) followed by 1.4530 (old DM 1995 high)
Key resistance today1.4710
Key support today1.4620
Favoured strategy today:Bullish above 1.4620
Support at 2.0520 and 2.0454 now, with rising key uptrend 2.0475. On the upside the key resistance point to watch is 2.0830 and falling resistance coming in at 2.0770. Bullish above rising support at 2.0475 today and might be worth trying to buy in that region for another run higher.
Key resistance today2.0770
Key support today2.0475
Favoured strategy today:Bullish above 2.0590
CHF losing ground across the board as stock rallied strongly over the last few sessions. Broke above key resistance at 1.1206 Friday and moved about 120 pips higher during the afternoon Friday. Next key resistance is falling trend line from 12th of October coming 1.1413 today. Also have reaction high from 8th of Nov at 1.1344 as resistance. 50% retracement of the 1.1894 â€“ 1.0885 move is at 1.389, so any approach towards 1.1400 looks like a selling opportunity.
Key resistance today1.1230
Key support today1.0855
Favoured strategy today:Bearish below 1.1230
Still same situation as Friday and I expect higher levels as stocks have been rebounding strongly over the last few sessions. Broke above the 109.20 level (falling resistance) last week and that opens for higher levels near term and a possible rally to 111.70 where the next resistance is located.
Key resistance today111.70
Key support today109.46
Favoured strategy today:Bullish above 109.46
This pair has been very choppy over the last few days trading inside a 160.20 â€“ 163.82 range and I prefer to trade this range from the long side buy vs. minor support at 161.50 for today.
Key resistance today163.70
Key support today161.50
Favoured strategy today:Bullish above 161.50
Have support down at 0.7100 level and any test of this level could be a nice long setup Support/Resistance Indicators/momentum
Key resistance today0.7254
Key support today0.7090
Favoured strategy today:Bullish above 0.7090
Trading inside the well defined trend channel with resistance of 1.0076 as overhead and 0.9865 as underlying support. Have daily reaction high from 4/10 coming in at 1.0014 as well. Try to use the upper end of this trend channel to go short and bottom to buy. However I favor playing this from the short side at the moment.
Key resistance today1.0077
Key support today0.9865
Favoured strategy today:Play range
Major events today (GMT)
09:00EMU PMI Manufacturing (Nov)
09:30UK PMI Manufacturing (Nov)
13:00Fedâ€™s Rosengren speaks on Subprime
15:00US ISM Manufacturing (Nov)
15:30US Treasury Paulson speaks
20:30Fedâ€™s Yellen speaks
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