European shares have turned higher with about 30 minutes to go in the session and the currency has followed suit. Commodities are firmer as well with the CRB index up about 1% on the day.
EUR/USD trades in the low 1.3690s. 1.3715 is resistance on further strength.
9 Responses to “European shares turn north, EUR follows”
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AUTOREFRESH 
AUD/USD is back in the .87s and might test the .873 level from which is broke down.
Good shorting opportunity as long as EU and Greece jitters remain IMO…
0.8717 was the post-payrolls highs…big levels coming up…good catch, JR.
Could be a decent quick trade: targeting an .873 entry, .865 profit target, with a tight stop at .875. 4:1 reward/risk ratio. Aussie tends to respect technical levels. It might not make it up to .873 today, or it might blow through and re-test .877, but I think it sets up as a decent little trade. My trade strategy this week is to short euro against dollar and yen at higher levels or to go long aussie against dollar and yen at lower levels. But this would give me a little skin in the game now that the eur/jpy shorts are closed… Good trading all,
Good pick JR, I’m with you shorting EUR/USD, I’m also taking a close look at EUR/CHF since it’s entering the red zone again, could be a good opportunity to go long if SNB comes and then short it a while after, profitting it 2-way… Who hates easy money!
Hi All, anybody having any idear/call on GBP its 1.5650 is there any short opportunity
RMB, trend is down, however 4 hrly charts are beginning to turn up- we also have managed to break back up through the daily support turned resistance. Although I am short this pair from 1.6015, i have been taking 1/4´s off on the way down. Expect this retrace to target somewhere between the 38.2 fib and 1.5750 whilst we sit and hold above the 1.5625 level.
eur/gbp also looking to come lower supports the cable
Thanx Bear