Euro Dollar – EUR/USD rejected its 1.2270 support level yesterday which could potentially lead price higher in the coming days. Since the trend is still bullish, traders may consider buying into this market to jump on the bullish trend and have the stop set around previous swing low to limit our losses in case price moves against us.
USD/PLN – USD/PLN rejected its 3.4300 resistance level last Friday which could potentially lead price lower in the coming days, since the long term trend is still bearish, traders may consider shorting this market to ride on the bearish trend. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.
Aussie Yen – AUD/JPY rejected its 84.40–84.00 support area last week which could potentially lead price higher in the coming days. Traders may consider buying into this market to jump on the potential bullish swing. On the other hand, if price breakout below its 84.40–84.00 support area, we are then likely going to see further decline coming into this market in the coming weeks.