Reversal Triggers - MACD Optimizer MACD - slow-fast-smooth EUR/USD 06-03-04 GBP/USD 09-11-08 USD/CHF 12-15-15
07/25 13:21 USD/CHF SHORT 1.2934 1.2946 07/25 13:38 -12 07/25 13:20 GBP/USD BUY 1.7396 1.7442 07/25 14:52 46 07/25 15:13 EUR/USD SHORT 1.2044 1.2046 07/25 15:32 -2 Total Daily Result on T signals (2 lots): 62 pips
Dynamic Pivots EUR/USD GBP/USD USD/CHF Average True Range High Band 1.2098 1.7501 1.3101 Matsys Resistance 1.2043 1.7443 1.3055 Pivot Point 1.1974 1.7371 1.3001 Matsys Support 1.1951 1.7326 1.2956 Average True Range Low Band 1.1933 1.7287 1.2908
Reversal Triggers - MACD Optimizer MACD - slow-fast-smooth EUR/USD 05-04-08 GBP/USD 06-09-12 USD/CHF 10-04-09
Euroland Current Account Details for the 1st Quarter will be out at 9.00GMT, this being relatively old data and monthly releases for Jan to March passed, we can not expect markets to react too strongly. US Durable Goods Orders for June are expected to fall by 1%, which should not be any worry after the very strong gain in May, it will be released at 12.30GMT. New Home Sales for June are due at 14.00GMT, with growing talk of a US housing bubble the market may be very sensitive to surprises, provisions are for 1.3m new units sold. The Dollar looks bullish once more, EURUSD resistance is falling and we have again moved down to 1.2000, ready to challenge the 1.1960 and maybe the 1.1860 low later on. Cable has now also broken the rising support and clings on to 1.7350 from where it has bounced a few times. In European morning we may see one last such bounce, limited to 1.7400, expect to fall to 1.7200 next.
News was very good for Usd but 1.1950 supported and short covering if we hold 1.2009 level, we can see a correction on Eur.
After strong economic data, Eur on short squeze rally to 1.2053 resistance levels, we expect 1.2081 will be top of the range and consolidation between 1.2011. Range 1.2011 - 1.2081
It seems that the market is currently trying to trigger stops at 1.2060 on short EUR/USD. It is uncertain if it will succeed. You should have a safety stop loss on Matsys-R short (as always) in case it does. If the 1.2060 level is not broken, it is likely to fall back to 1.2022 where there is good support.