The following is AtoZ Magic Forex Trading Strategy analysis for three major currency pairs EURUSD, GBPUSD and AUDUSD.
11 January, AtoZForex – Today we have market expectations along with pivot points for three currency pairs.
Magic EURUSD trade setups for January 11
Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD saw bearish price developments. However, the pair rebound from S2 at 1.0501 level and continue upward. Despite the fact overall trend for this pair is bearish we can see the price towards to 1.0600 level today.
Today’s Pivot points and trade setups for EURUSD are as follows:
R1: 1.06033, R2: 1.06532, R3: 1.06794
S1: 1.05272, S2: 1.05010, S3: 1.04511
Magic GBPUSD trade setups for January 11
According to AtoZ magic Forex Trading Strategy for GBPUSD saw bearish price developments. The pair after UK manufacturing production announcement this morning rebound from 1.2100 level which was October lows. Hence, is trading below S1 at 1.21247 level. We can expect the pair to continue its bearish bias towards to S2 at 1.20747 level.
Today’s Pivot points and entry levels for GBPUSD are as follows:
R1: 1.22072, R2: 1.22397, R3:1.22897
S1: 1.21247, S2: 1.20747, S3: 1.20422
Magic AUDUSD trade setups for January 11
For today’s AUDUSD AtoZ magic Forex Trading Strategy saw pair found resistance and continue downward on R1 0.7392 level. However, stochastic indicator is sloping bearish hence, its above 50 level. If the pair continue its bearish bias we can expect a rebound from S1 at 0.7338 level and continue upward.
Today’s Pivot points and entry levels for AUDUSD are as follows:
R1: 0.73920, R2: 0.74150, R3: 0.74456
S1: 0.73384, S2: 0.73078, S3: 0.72848
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