Loss of momentum in Euro and others. Kind of bothered me this morning when I didn't see gold participate in the rally. Big question mark for me. Looks like this 1.1690 is a key level.
Sold a little usdjpy 1.0968. Really just taking a shot on the retracement, assuming trend is still down.
You could also say the Euro came down to support. That's the more likely scenario right now. Usdjpy not backing down, probably risk-on but gold still lagging.
I've got the eur/usd current correction running out of steam pretty quick, down trend is going to resume with the euro heading much lower.. Keep an eye on 1725 it's a key level for me.
Just looked at Aussie weekly as well. Both look bearish. Tried to short Euro Friday afternoon at 1.1763, ended up covering around .70 into the close. Just didn't want to take it into the weekend. Looking for one more weak bounce on the shorter TF, if we get it. Tried a usdcad long around 1.2963 and got stopped. Looking at that again as well. Lots of political uncertainty now as well, so it may be choppy for awhile. Still watching the .75 level Aussie Usd.