Talking Points
- Weekly DailyFX Scalp Webinar archive covering featured setups
- Updated targets & invalidation levels
- Event Risk on Tap This Week
EURUSD 30min
Chart Created Using FXCM Marketscope 2.0
Notes: EURUSD is trading within the confines of a well-defined median-line structure off last week’s highs with today’s break below the 1.1055/65 region invalidating the long bias. We’ll look to sell rallies while below this mark near-term with a breach above the upper median-line parallel (MLP) needed to shift the attention back the long-scalp. Confluence support rests just lower at 1.0985/90 and is backed by 1.0950 & 1.0915. (Discussed in today’s webinar- 20th minute)
AUDNZD 30min
Notes: The pair has taken out targets from last week's setup at 1.1094/97 and 1.1030 with the new weekly opening range now in focus just above. Note that we are now testing trendline support dating back to the May lows (daily chart) and near-term the short-bias is at risk while above this level. Look for resistance at 1.1094/97 & 1.1136 with our bearish invalidation level set at 1.1177. A break below support targets support objectives at 1.0997, 1.0920 & 1.0892. (Discussed in today’s webinar- 6th minute)
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Key Data Releases this Week
Other Setups in Play:
- AUDNZD Pullback at Key Inflection Point- Bearish Sub 1.1250
- Webinar: Greek Gaps in Focus- Technical Setups in Play this Week
- Key Levels to Know on USD Majors Heading into NFPs and July Trade
- CADJPY Short Scalps Favored Sub-99.00 on Failed Gap Fill
- Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk
- USDJPY Runs Into Key Resistance- Short Scalps Favored Sub 124.35
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michaelon Twitter @MBForex,contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list
Join Michael for Live Scalping Webinars on Mondays on DailyFX at 12:30 GMT (8:30ET)
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