We are starting up hard with EURJPY since the week has been very volatile. Right now the trade is short with 2/3 of the position from 134,650. The last 1/3 can be added later but I would have liked the weekly bar to close within the range which it didn’t. So I’m considering if this is a trade I should close soon.
Here I see some resistance being broken soon. If it should happen I would like for price to come back and test it. So if we see a forceful break and then come back and test then I might be interested.
EUR has been tough on USD the latest week and it seems like the beating keeps on going. So I’ve spotted a couple of levels I’ll watch out for but I havn’t put in an order yet.
I had this one in my analysis last week too and I’m still interested. But the price hasn’t tested the levels yet where my orders are set.
I also see a nice setup in the pair as long as we keep going down, like we did tonight without too much trending. We have an untested area further down where I could expect a reaction to trade on.
The last untested area I’ve found is in EURAUD.
If we look at the daily chart we are hitting some former support areas where we had a large reaction from. I could see this pair being quite strong this week and maybe we should up and test the top from last year.