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EUR/AUD 01.23.14 +150
Swing2 New Orders. If one triggers, cancel other. We STILL have EUR/JPY orders in
1. Place EUR/AUD Buy Order at 1.5627
Stop @ 1.5527
Close ½ @ 1.5677, move stop to 1.5627
Close rest @ 1.5727
2.Place GBP/AUD Buy Order at 1.9027
Stop @ 1.8927
Close ½ @ 1.9077, move stop to 1.9027
Close rest @ 1.9127
Currencies are on the move this morning and closing in on key levels. Thanks to better than expected EZ Flash PMI and UK employment, the best performing currencies this morning are the European currencies. We think there will be continuation especially versus the AUD which is still being pressured by weaker Chinese PMI. The divergence between Europe and Australia is growing and this should cause EUR/AUD to break its December high and GBP/AUD to break 1.90. We only want to be in ONE of these trades so if one triggers, cancel ALL OTHER ORDERS.
Update
BKSWING – EUR/AUD Buy TRIGGERED at 1.5627 Stop @ 1.5527 Close ½ @ 1.5677, move stop to 1.5627 Close rest @ 1.5727. CANCEL GBPAUD & EURJPY
Update
EUR/AUD T1 and T2 hit +150