We had a spectacular rally for the Euro in the last few weeks. A bull after the bears. Right now the EUR/USD had just touched a resistance in the weekly timeframe. Will there be a retrace? We will have to wait. If it retrace it will be good time to buy again when we see a reaction off its support.
EUR/JPY broke through it's resistance and it's still far from the next resistance. Like wise I prefer to be conservative for a while and wait for another action in the 1hr or 4 hr timeframe.
The Aussie will be tricker as it has gone down abit and rested on my sliding support/resistance. Looking at the weekly chart, I'm still bullish on the Aussie. Enter when it had some support in the 4 hr timeframe next week.
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