Forex Daily Trade Idea.

EURUSD sold-off heavily yesterday on US data last line of support intra day is 1.2555 61% retacement (from 1.2460-1.2710), a break below to accelerate the downside and target 1.2480-00 short term. For the upside 1.2625 break is needed to improve the short term bearish bias.

GBPUSD lower on the stronger dollar move across the board, but fell short of trading through 1.8385 50% retracement, Look to buy on dips as long as the mentioned support remain intact with a tight stop for a test of 1.8480-90.

USDJPY remain choppy and today we look for a break today of either 117.35 to target 117.90 or a break of 116.80 to target. 116.15.

EURJPY lower on EURUSD cross selling through the Asian session, but the pair remains short term bullish above the 146.85-95 support area. buy the dips for a retest of 148.00 in the upcoming week.

USDCHF higher on back of US data. We will trade this pair with an intra-day neutral stand and look to play the 1.2450-1.2590 range.

AUDUSD keeping the bullish momentum on next week's possible rate hike. Look to buy the pair on dips with a stop below 0.7500 targeting 0.7650.






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