Richie_the_trader

Richie_the_trader

Looking for a bearish pull back here down to around the 1.55681 range, then looking for the Bulls to take over and continue this upward trend. Areas of management would be the 1.60987 zone and also the 1.62242. Hoping for a break through at the top.

Richie_the_trader

AUD is still in a very bearish trend, the market is expected to decline over the coming months. There will be some good opportunities as the AUD pulls back to enter trades. The .70700 range from the previous week held good resistance, which we will set an alert for and monitor. Good one to keep an eye on this week.

Richie_the_trader

Possible setup on the EUR/USD this week, looks as though it will pull back to the 1.10000 range. I would be managing this trade for a possible pullback around the 1.1200 to 1.3500 zone, or on the previous highs through the channel. Good looking setup for this week. Lets see how this unfolds.