RBS - EURUSD Short term bias is bearish to the support between 1.2700/47

RBS - "EUR/USD: EURUSD Short term bias is bearish to the support between 1.2700/47
SUP: 1.2823 1.2747 1.2701; RES: 1.2906 1.3172
Strategy: Keep short into the 1.2700/47 region using the 5 day moving average as a dynamic stop loss.
GBP/USD: GBP/USD heads back to the Summer support
SUP: 1.6117 1.6000/51
RES: 1.6261 1.6309
Strategy: Expect price action to be short term heavy until at least the support around 1.6000/51
EUR/GBP: Buy opportunity in the cross
SUP: 0.7930 0.7757
RES: 0.8070 0.8116/56
Strategy: Use this level as a buy opportunity back to 0.8116/56 using the support line as a stop at 0.7910
AUD/USD: Momentum has not confirmed the recent highs in price
SUP: 1.0342 1.0168
RES: 1.0450 1.0856
Strategy: Stop through 1.0450 and target the previous low at 1.0168"

Views: 33

Tags: AUD/USD, AUDUSD, EUR/GBP, EUR/USD, EURGBP, EURUSD, GBP/USD, GBPUSD, RBS, Royal Bank of Scotland

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