We’ve been watching a few Euro levels for quite some time now and price arrived back at them last week. I’m looking for a rally so we’ll see if we get the right PA to get us in if indeed price is going to head up.
AUDCAD – Short
AC is at supply on the daily though it has rallied strong into the zone so it could well break out through the other side. I’ll be watching to see what happens.
EURAUD – Long
EA has been falling heavily and is still heading towards demand. We may have some short opportunities on the way down too.
EURCAD – Long
EC has hit demand and made a move up. Price came into the zone with only red indicating it may have a smooth ride up so this is one to watch this week.
EURNZD – Long
Price came back to demand I’ve been watching for a while and I’m watching for a move up from here this week. The path looks good so we’ll see what happens.
GBPUSD – Long
GU gave us a nice move up last week which you can read about here if you haven’t already. Another demand level has formed so I’ll be watching for another potential long from there. In the meantime we could have a short trade from where we are now.
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