Trends at the currency pairs remain. Which are the directions?
USD keeps its uptrend movement against other currencies. EUR is in a downtrend. Therefore what we might do is to follow the trends directions and to trade with them.
EUR/USD: downtrend, therefore we must go short on the pair.
Price is under MA13, CCI is under 0, RSI is between 20 and 40: very negative formation.
Good levels for new shorts are the currents 1.1794, with a stop at 1.1823.
GBP/JPY: flag formation on H4 timeframe, potential for new decline, break below the lower diagonal, possible shorts from 180.23 and stop at 180.62.
EUR/AUD: the trend is short, negative movement, indicators are in ‘perfect storm’ formation, RSI under 40, CCI below -100, sell positions from 1,4542.