FXOptimax Market Analysis

11th June 2018 Market Outlook

Euro Dollar – EUR/USD rally higher after price pullback into its 1.1730 support level and rejected it as we expected in our 7th June 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming days.



Aussie Loonie – AUD/CAD pullback into its 0.9820 support level and rejected it. Since the momentum is still bullish, traders may consider buying into this market to jump on the bullish momentum and have the stop loss set below 0.9820 to limit losses in case price moves against us.



Euro Aussie – EUR/AUD is making its way back into its 1.5620 resistance level. Given that the trend is bearish, traders may consider shorting this market if price pullback into its 1.5620 resistance level. Ideally we would prefer to see some price rejections or any other form of confirmation before shorting this market for a safer entry.


Posted on 2018-06-11 07:03:43


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