Short EURUSD, AUDUSD and GBPUSD (Scalping Strategies)
As noted in this morning's Scalp Webinar, these are the three setups we will be looking at this week as Key daily resistance on the euro, the aussie, and the pound look to hold. With the Moody donwgrades, weaker growth out of Japan, the BoJ injecting 10 trillion yen into the economy, delays in the EU Finance ministers meeting, and deepening concerns over a Greek default, the dollar has now become the cheif beneficiary of haven flows with the greenback surging in North American trade. We will continue to eye subsequent downside targets noting that a pullback of some magnitude may be in the cards after today's run-up.
Click on the links below for the current scalp setups or follow me at MBForex for updates on these scalps and more.
Join me tomorrow morning for a Live Scalping Webinar at 1330GMT (8:30ET)
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.