A look at the trends and my set ups on the daily EUR/USD and AUD/USD
The EUR/USD and AUD/USD are at key levels after last week's dollar correction. With the U.S. Dollar Index finding support within the 34EMA Wave, I examine in the video below where I think the selling pressure will be building in each pair as the the dollar attempts to regain the uptrend it was in on the daily time frame.
The EUR/USD and AUD/USD are in different market trends so I discuss and detail both swing trading and distribution fades in the video and point out the levels to watch if the trades are to follow-through.
This video runs seven and a half minutes.
For more U.S. Dollar analysis visit my Daily Trading Edge blog.
Related Posts:
- Weekend Discussion: USD/JPY Set Up, Pattern, and Pip Range 21:46 02 April 2010
- Intraday EUR/USD Correction and Swing Set Up 20:43 07 December 2010
- The importance of the daily's "directional bias" 20:05 14 December 2010
- Chart Pattern 101: Market Trends 11:59 17 March 2010
- Watching the Dow and the Dollar-Yen 19:46 20 January 2009
Forex Blog: Chartology

