It's possible that the EURUSD, AUDUSD and NZDUSD made their highs for the week on Sunday night's open. Keep Friday's bigger picture outlook handy for perspective.

THE MARKET(S) a.k.a. RISK SNAPSHOT - 60 Minute Closes

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Prepared by Jamie Saettele, CMT

EURUSD - 240 Minute Bars

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Prepared by Jamie Saettele, CMT

Early week focus is on the 6/8 low at 12435 and the 100% extension of the 12742-12519 decline at 12359. It's significant that Sunday's opening range was resolved to the downside. Sunday evening is the most probable point of the week for a pivot to form.

AUDUSD - 240 Minute Bars

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Prepared by Jamie Saettele, CMT

Early week focus is on former pivots at 9920 and 9820. The 100% extension of the 10224-10008 decline falls within the middle of this range at 9861. It's significant that Sunday's opening range was resolved to the downside. Sunday evening is the most probable point of the week for a pivot to form.

NZDUSD - 240 Minute Bars

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Prepared by Jamie Saettele, CMT

Early week focus is on 7810, the 100% extension of the 8016-7846 decline at 7849 (in line with 6/7 high), and the 161.8% extension at 7644 (in line with the 5/29 high). It's significant that Sunday's opening range was resolved to the downside. Sunday evening is the most probable point of the week for a pivot to form.

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