Candlestick Daily: Short-Term EUR/USD Squeeze Buy to 1.36

January 30, 2013 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Buy if EUR/USD breaks above 1.3565, stop at 1.3545, target at 1.3595. See full report for more details
GBP/USD (Short Term)		Breaking above bearish trend line resistance, now watching 1.5800-25 resistance zone
USD/JPY (Short Term)		Trade in progress: Bought USD/JPY at 90.35, STOP ADJUSTED to 90.35, target at 91.90.
USD/CHF (Short Term)		Break through previous support at .9200 opens the door for more weakness toward .9100 next. See full report for more details
USD/CAD (Short Term)		Consolidating just above parity (1.00) support, price action will be critical today
AUD/USD (Short Term)		Choppy trade continues as rates drop through 1.0440 support
NZD/USD (Short Term)		Pulling back, key support at .8300. See full report for more details