Hello Traders,
Jo-Jo market, USD recovering after yesterdays strong fall.
ISM and FOMC minutes could be important today.
ISM - back above 50 could push USD higher.
EUR-USD - yesterday strong rise twds 1,33 and good buing signal
was negated today, below 1,3245, but pair found good support near todays low ( 1,3220 - trendline on 4h chart). Yesterday pair not backed to my entry level ( maybe good, maybe not good :) ). Today we have inverted situation, sell signal while Eur is trading below 1,3245-65 but...
Wait for ISM number and if will be above 50,0-50,2, sell pair near current level ( 1,3237 ) or even higher with tight sl for 1,3205 and 1,3180.
GBP-USD - only strong rise yesterday, my first position saw profit and market did not back to my entry level for second position. Today failure break 1,9730-50, pushed pair lower. Strong support at 1,9665 was taken out and stop-loss orders pushed pair lower towards 1,96 level. Today GBP is underpressure also from EUR, this could be sign that cable could fall twds 1,9515 and lower. JO-JO market...good for loosing money, be carefull...but if ISM will be above 50 try to sell pair near 1,9620-40 for 1,9515-25 with sl above 1,9665.
USD-CAD - look to buy on any dip twds 1,1590-1,1620 for move twds 1,20.
JPY - look to buy japanese currency vs majors near current levels...
Good Luck
Piotr
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