Forex Pairs - Buy Or Sell? Having A Look At EUR/USD, AUD/USD And NZD/USD With Jason Sen (DayTradeIdeas) - 24/05/2022

FX Daily: Reports of sterling’s demise are exaggerated

EURUSD longs at support at 1.0560/40 worked perfectly & so did buying a break above 1.0600 as we hit the 1.0670/80 target, reaching 1.0697.

This week we could reach as far as 1.0800.

I think the downside should be limited with minor support at 1.0650/40 & strong support at 1.0620/00.

AUDUSD rallied from 7036 targeting 7095/99, with a high for the day just 8 pips from very strong resistance at 7135/55.

Shorts need stops above 7175.

Minor support at 7050/45, strong support at 7030/20. Longs need stops below Holding below 7000. A break lower however targets 6940/30.

NZDUSD broke higher for a buy signal targeting 6490/6500, with a high for the day here.

First support at 6420/00 on this dip. Longs need stops below 6385.

Longs at 6420/00 target 6470 & 6490. Above 6500 look for 6520/30.

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FX Daily: Reports of sterling’s demise are exaggerated

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk