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EURUSD, AUDUSD Scalp (Pending)

EURUSD, AUDUSD Scalp (Pending)

Michael Boutros, Strategist

I’m currently eyeing scalp setups in the AUDUSD and the EURUSD. As the EU Debt crisis continues, today’s developments have failed to support the boarder risk trade with higher beta assets coming under pressure despite news that Greece had secured the next tranche of aid. While the move tempts further shorts on these pairs, the broader picture warns of the possibility for further gains with both pairs rebounding off key resistance in overnight trade. We remain on the sidelines testing small short scalps as the dollar pushes higher.

For detailed levels and scalp charts on the AUDUSD and EURUSD, refer to today’s Winners/Losers report.

For other current pending scalps setups, review this morning’s Scalp Webinar.

For updates on these scalps and more, follow me on Twitter at MBForex.

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.