Charts in Focus: EURUSD, GBPUSD, AUDUSD
The EURUSD broke down and out from its recent trading range last week. We can see that the support of the range has now 'flipped' to resistance at 1.1280. This week, we will look to be sellers near 1.1280 if a price action signal forms there, or perhaps from further up near 1.1400 - 1.14500 if price continues higher.
The GBPUSD has been in a nice little uptrend in recent weeks. On Thursday it retraced lower after hitting resistance up near 1.5550. However, we still prefer the long side at this point and we will look for price action buy signals down near 1.5270 - 1.5200 if price continues to rotate lower this week.
The AUDUSD basically consolidated last week as price continues to trade just above 0.7750 support. We will remain bullish as per our recent commentaries on this market whilst it's trading above 0.7650 - 0.7750.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The EURUSD broke down and out from its recent trading range last week. We can see that the support of the range has now 'flipped' to resistance at 1.1280. This week, we will look to be sellers near 1.1280 if a price action signal forms there, or perhaps from further up near 1.1400 - 1.14500 if price continues higher.
The GBPUSD has been in a nice little uptrend in recent weeks. On Thursday it retraced lower after hitting resistance up near 1.5550. However, we still prefer the long side at this point and we will look for price action buy signals down near 1.5270 - 1.5200 if price continues to rotate lower this week.
The AUDUSD basically consolidated last week as price continues to trade just above 0.7750 support. We will remain bullish as per our recent commentaries on this market whilst it's trading above 0.7650 - 0.7750.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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