How I am Managing EURUSD and AUDUSD Longs
Been long EURUSD since 4/4 and still looking higher but the stop has been moved up to 1.3025 in order to lock in a good deal. Upside levels of interest for the rest of the week are 1.3134/50 and 1.3227. 1.3320/40 is of interest for the rest of April.
AUDUSD breakout alert - as long as price is above 1.0345, the AUDUSD has potential to accelerate to the upside. Objectives surround the 2011 free float high at 1.1079. I went long yesterday but 1.0450/60 is support in the event that price comes off again. Exceeding 1.0625 would warrant consideration of a breakout system.
Jamie is the author of Sentiment in the Forex Market.
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