The Euro Bounced From Demand – Potential Longs in Play

Following last weeks outlook AUDJPY and AUDUSD have both fallen further. AJ is heading towards another level and AU has gone deep into the same demand we look at last week. Meanwhile EURUSD and EURJPY have both rallied from demand so we’ll look where price is now.

AUDJPY – Long

After breaking through the previous level identified AJ has almost reached another significant turning point in the market. The approach so far looks good with pure red candles so we’ll see if this level holds.

2015-02-01 AJ Long D1

AUDUSD – Long

AU fell deeper into demand and if this one doesn’t hold, there is another one further down. At the moment I’m for confirmation before taking any further action here.

2015-02-01 AU Long D1 v01 2015-02-01 AU Long D1 v02

EURJPY – Long

EJ has bounced from a very old level and is already showing signs of a continued move up. This one is on the watch list for a potentially big move back up.

2015-02-01 EJ Long D1

EURUSD – Long

EU also bounced and could rally further though there is a level not too far away.

2015-02-01 EU Long D1

Video

Detailed Analysis

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