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EUR/USD: mildly bearish after a corrective day

EURUSD chart

Moving back and forth, the EUR edged higher against the greenback this Wednesday, having recovered some ground after 2 days of steady losses. The pair rose up to 1.3850 with the European opening in a stocks driven movement and despite the ECB latest...

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Current Trading Positions

EURUSD Order Entry SL TP
DayTradeIdeas.com BUY LMT @1.3790 1.3770 -
USDJPY Order Entry SL TP
DayTradeIdeas.com BUY LMT @101.40 101.25 102.00
AUDUSD Order Entry SL TP
DayTradeIdeas.com BUY LMT @0.9335 0.9320 0.9365
USDCHF Order Entry SL TP
AceTrader BUY LMT @0.8770 0.8735 0.8835
XAUUSD Order Entry SL TP
DayTradeIdeas.com SELL LMT @1313.00 1318.00 1296.00

EUR has little more to the upside before the slump; USD to strengthen against yen

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3867 1.3797 1.3669
GBPUSD 1.6744 1.6630 1.6496
USDJPY 101.59 102.41 103.87
USDCHF 0.8742 0.8827 0.8900
AUDUSD 0.9388 0.9233 0.9070
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0925 1.1051 1.1237
NZDUSD 0.8600 0.8526 0.8393
GBPJPY 170.63 170.88 171.22
EURJPY 141.00 140.50 141.99
EURGBP 0.8292 0.8266 0.8229

EUR/USD 1.4000 seems likely in the short term, but investors are going for a strong comeback afterwards, probably pricing in ECB action for May.

GBP/USD not that week after all: The GBP/USD regains bullish adepts, seen mostly rising over the upcoming month.

USD/JPY despite this week gains, yen is still expected to capitulate against the greenback, albeit the shorter term view has shifted to neutral this week.

AUD/USD upward extension to 0.9500 before a slide: our #FXpoll shows investors seen the pair advancing more before finally topping.

EUR/JPY neutral above 140.00: with little exceptions the pair is seen mostly range bound, with a floor around 140.00 and a ceiling at 145.00 price zone.

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Pair Price Hour Day Week Month
USDCAD 1.1016 -0.03 0.33 1.26 -0.78
AUDUSD 0.9370 -0.02 0.13 -0.22 3.80
EURUSD 1.3817 0.00 0.01 -0.27 -0.70
USDJPY 102.25 0.00 0.41 0.25 0.88
GBPUSD 1.6797 0.01 0.41 0.02 0.88