The Euro remains very bullish
07:32 2007/04/26

The AUD has rebounded as expected from that .8225 area, and we should see support around .8325 or .8310 now hold for further highs.

The Euro remains very bullish.

The USD/YEN is still favoured to break lower despite the keen buying interest about, or should I say Yen selling.

More detail this afternoon with a Currency View report.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3640 +254 pts
Long 2 units 1.3599, stop loss 1.3581
Long 2 units 1.3629, stop loss 1.3601
Sell 2 units on stop 1.3521, stop loss 1.3569


GBP/USD 2.0020 +617 pt
Long 2 units 2.0049, stop loss 1.9981
Buy 2 units on stop 2.0069, stop loss 2.0011
Sell 2 units on stop 1.9921, stop loss 1.9979


USD/YEN 118.65 -18 pts
Buy 2 units on stop 119.29, stop loss 118.71
Short 2 units 119.21, Profit stop loss 119.09
Sell 2 units on stop 118.01, stop loss 118.59


EUR/YEN 161.85 +155 pts
Long 2 units 161.59, stop loss 161.01


EUR/GBP .6815 -35 pts
Buy 2 units on stop .6819, stop loss .6781
Sell 2 units on stop .6731, stop loss .6789


GBP/YEN 237.45 +227 pts
Buy 2 units on stop 238.39, stop loss 237.21


AUD/USD .8340 +418 pts
Long 2 units .8289, Profit stop loss .8301
Long 2 units .8309, Profit stop loss .8321
Short 2 units .8271, stopped .8279


NZD/USD .7465 +646 pts
Long 2 units .7459, stopped at .7411
Buy 2 units on stop .7489, stop loss .7441
Buy 2 units on stop .7509, stop loss .7481
Sell 2 units on stop .7361, stop loss .7399


AUD/YEN 98.90 +314 pts
Buy 2 units on stop 99.49, stop loss 98.61

1 unit = 50% of Initial Account Size
e.g. for a $100,000 account,
1 unit = $50,000 position
2 units = $100,000 position

STRATEGIC

EUR 1.3640
Bullish at 1.3369, Profit S/L 1.3531
Sell at 1.3431, S/L 1.3489


GBP 2.0020
Bullish at 1.9739, Profit S/L 1.9941
Sell at 1.9841, S/L 1.9899


YEN 118.65
Buy at 120.29, S/L 119.51
Bearish at 118.71, S/L 119.29


EUR/YEN 161.85
Bullish at 161.99, S/L 161.21


AUD .8340
Buy at .8389, S/L .8291
Bearish at .8261
Stopped at .8299
Sell at .8201, S/L .8269


NZD .7465
Bullish at .7479
Stopped at .7401
Buy at .7499, S/L .7451
Sell at .7341, S/L .7399


CHF 1.2040
Buy at 1.2179, S/L 1.2121
Bearish at 1.2031, S/L 1.2089


CAD 1.1160
Buy at 1.1499, S/L 1.1421
Bearish at 1.1531, Profit S/L 1.1239


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