Morning Notes:

I want to concentrate on the euro given the test of resistance in the EURUSD.

EURUSD - The EURUSD is nearing the 13212/50 resistance zone. If it overshoots, then 13300 might even be a possibility. I do like fading strength above 13212 with a stop at 13385. This feels like the 'last gasp', a trap, etc.


Prepared by Jamie Saettele, CMT

EURNZD - The EURNZD is uniformly bearish. Testing resistance from the 3/6 high, bearish continuation in April is favored as long as price is below 16307.


Prepared by Jamie Saettele, CMT

EURNZD - 5 waves down and 3 waves up from the March high. It doesn't get much more bearish than this.


Prepared by Jamie Saettele, CMT

EURCAD - Either a triangle is complete or will complete next week above 13176. The trend is bearish below 13329. A breakout from the bearish triangle would target the mid 12000s.


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