Boiiiiing!!! Is EURCHF in a mood for more bouncin’? The pair just rebounded from the 61% Fib on the 4-hour chart, and those green candles with long shadows are lookin’ pretty fine for an upsurge. Stochastics has also crossed over out of oversold territory. Could this be the start of some buying momentum? A profit level near the 1.3015 handle looks good if you decide to go long, but keep your eyes peeled in case the 38% Fib becomes a resistance level!
“The roof, the roof, the roof is on fire!” AUDUSD has been poppin’ like champagne in the club, and has now established new yearly highs! Just how much longer can the Aussie bulls keep partying? While stochastics is showing overbought conditions, it has yet to crossover, so we may see the pair continue to push higher. My only question is: can the pair test the all-time high at .9850?
“She hit the flo? Next thing you know…SHORTING got low,low,low…” USDJPY just keeps dancin’ to Flo Rida’s beat as it continues to slide down the pip charts! Will the pair bounce off falling trendline support, or will it continue to drop to new lows? The pair is currently playing around a major support back in 1995, but the gutsy dollar bears can still make a play down to 79.78, the pair’s all-time low.