This support goes back into October 2016 and has held after being tested and briefly broken a few times. Major support still lower and a stop below 1.315 makes sense. Easy to have a target of 1.37+ with stop of < 100 pips.
its been a tough month for bulls and bears. the wolves have made carnage and they're possibly not done. I expect the rest of the month to reverse and go down.
Targeting 1850 and 1840 with a stop at 1890.
Popular MAs are on the daily chart are getting muddied up in this area and I think they are turning into resistance.
I am taking a guess that by April 30, the dollar can take off 250 pips from the Euro. Once the Yellen speaks dovishly, the dollar may suffer. Until then, shorting EUR/USD.
I have preference of short EUR/USD this week. When I see daily candle forming to the top early on, I sell into the strength. Get out when daily candle has made decent bottom wick.
4hr view gives a good view of BB (20) and trend lines. Targeting 1.3780, 1.3750 by early next week. If things go well, then 1.3630 for ...
interest rate talk is almost priced in, though the train keeps going! Shorting ahead of April 24th RBNZ meeting and if they become neutral, long profit takers and bears should bring this down.
EM/China worries don't seem to bother Kiwi!
Bernanke and friends want to set Yellen up nicely for February hand off. I am going to guess a sacrifice of the Santa Claus rally for 2013. Then, January will be a huge bull month in preparation for Yellen to come in February to announce double QE or something ridiculous.