Hello Naked Traders.
Here below you can read my usual price action anaysis for the week ahead.
Eur/Usd in the week just closed went down going to test the support area at 1.3350. The next area is positioned at 1.3250 supportive zone. The areas where I will look for a LONG signal in line with the underlying bullish trend is 1.3259 or 1.3350.
Eur/Aud formed an inside day on the daily chart last Friday just below the key resistance at 1.3450. The bearish breakout of 1.3330 colud lead prices downward until the next key support placed at 1.3180. I will wait for a long signal on this support to trade in the direction of the main trend.
The weekly chart (see below) shows a chance to see the price, for the first time in several weeks, retrace back to 87.00/88.60 support areas. Of course here the signal is a counter trend one if you want to speculate on possible pullback otherwise you may wait to see the price on these areas and look there for some long price action signal.
It’s all for today!
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