James Kim@Saxo
James Kim, sales trader at Saxo Capital Markets Australia, examines trading strategies during week 43 in a technical analysis of charts for forex, indices and commodities.
Squawk / 01 July 2016 at 5:53 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURUSD - Rally stalled around 200 day mvg avg
The bounce from last week's lows has stalled at the 200 day moving average. Prices are currently fluctuating around that point and so immediate signals for sentiment cannot be strong. But it is the failure to move higher, against a backdrop of a declining Keltner channel that leaves our intraday outlook negative. There is scope on the downside to 1.1057 and 1.1025 or even towards 1.0996. Rallies are likely to find sellers near 1.1123 and only above 1.1169 is positive.
04 July
assi assi
Hi Alan,do you still hold this trade, please update...thanks
05 July
Steve Lucas Steve Lucas
Hi Assi - Alan is on vacatioon this week, but he would have closed this trade at 1pm on we are bearish though - see trademaker chhers


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