Intra Day Trading - page 15
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VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 01/07/14
Volatility Analysis
On 01/07/14, Euro Dollar / US Dollar down -0.0007 at 1.3684
Period StatisticalChange
10-period 2.9294 -0.43
21-period 4.2011 -0.14
39-period 4.3995 -0.01
90-period 5.2757 -0.00
Bollinger Bands are 22.71% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 92.9155. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 11 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 58.39.This is not a topping or bottoming area. The last signal was a buy 23 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 167.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 11 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 9 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 40 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 209 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 48 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.
Summary
The current market condition for Euro Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
Analysis of activity through 01/07/14
close: 1.3684
The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 1.3564. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.3512. Be prepared for a potential short term price fall back to the 1.3643 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3512
If Short -- exit all contracts at ... 1.3697
VIT Weekly Analysis
Review of US Dollar / Canadian Dollar (USDCAD)
as of 04/07/14
Volatility Analysis
On 04/07/14, US Dollar / Canadian Dollar closed down -0.0015 at 1.0649
Period StatisticalChange
10-period 9.1735 -0.38
21-period 12.3118 -0.33
39-period 14.9554 0.00
90-period 16.2966 0.01
Bollinger Bands are 9.59% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 4.4655. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 38.59.This is not a topping or bottoming area. The last signal was a sell 14 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -190.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 4 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 14 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 32 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 32 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 12 period(s) ago.
Summary
The current market condition for US Dollar / Canadian Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently below its 30 period moving average.
US Dollar / Canadian Dollar(USDCAD)
Analysis of activity through 04/07/14
close: 1.0649
The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.0988. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1053. Be prepared for a potential short term price pull back to the 1.0817 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.0619
If Short -- exit all contracts at ... 1.1245
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 08/07/14
Volatility Analysis
On 08/07/14, Euro Dollar / US Dollar last price down -0.0001 at 1.3604
Period StatisticalChange
10-period 3.7554 -0.00
21-period 3.7136 -0.31
39-period 3.8240 -0.01
90-period 4.9510 -0.00
Bollinger Bands are 27.97% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 19.3913. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 4 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 46.20.This is not a topping or bottoming area. The last signal was a buy 28 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -50. This is not a topping or bottoming area.The last signal was a sell 4 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 14 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 45 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 214 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 53 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 9 period(s) ago.
Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.
Euro Dollar / US Dollar(EURUSD)
Analysis of activity through 08/07/14
Last price: 1.3604
The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3700. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3700. Be prepared for a potential short term price pull back to the 1.3641 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3541
If Short -- exit all contracts at ... 1.3700
VIT Weekly Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 11/07/14
Volatility Analysis
On 11/07/14, Australian Dollar / US Dollar closed up 0.0027 at 0.9389
Period StatisticalChange
10-period 13.0599 0.04
21-period 15.3321 -0.19
39-period 20.7276 -0.01
90-period 24.4556 -0.07
Bollinger Bands are 36.58% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 59.4790. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 56.88.This is not a topping or bottoming area. The last signal was a buy 48 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 76. This is not a topping or bottoming area.The last signal was a sell 1 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 21 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 153 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 2 period(s) ago.
Summary
The current market condition for Australian Dollar / US Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.
Australian Dollar / US Dollar(AUDUSD) Analysis of activity through 11/07/14
close: 0.9389
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 0.9208. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9203. Be prepared for a potential short term price fall back to the 0.9224 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 0.9203
If Short -- exit all contracts at ... 0.9504
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 15/07/14
Volatility Analysis
On 15/07/14, Euro Dollar / US Dollar last price down -0.0000 at 1.3620
Period StatisticalChange
10-period 3.3065 0.01
21-period 3.4868 -0.16
39-period 3.9572 -0.01
90-period 4.5924 -0.01
Bollinger Bands are 50.81% narrower than normal. Euro Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 46.9189. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 49.27.This is not a topping or bottoming area. The last signal was a buy 33 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -19. This is not a topping or bottoming area.The last signal was a sell 9 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 0 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 50 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 219 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 58 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 14 period(s) ago.
Summary
The current market condition for Euro Dollar / US Dollar is: Mildly Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.
Euro Dollar / US Dollar(EURUSD)
Analysis of activity through 15/07/14
close: 1.3620
The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3664. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3700. Be prepared for a potential short term price pull back to the 1.3636 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3575
If Short -- exit all contracts at ... 1.3700
AUD/USD DAILY as of Wednesday, 16 July, 2014
VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 16/07/14
Volatility Analysis
On 16/07/14, Australian Dollar / US Dollar last price down -0.0023 at 0.9337
Period StatisticalChange
10-period 6.5927 -0.74
21-period 7.9520 -0.32
39-period 7.9431 -0.01
90-period 8.2009 -0.01
Bollinger Bands are 43.39% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 14.1385. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 6 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 44.57.This is not a topping or bottoming area. The last signal was a sell 68 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -123.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 6 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 9 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 27 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 130 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 29 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 9 period(s) ago.
Summary
The current market condition for Australian Dollar / US Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently below its 30 period moving average.
Australian Dollar / US Dollar(AUDUSD)
Analysis of activity through 16/07/14
Last price at: 0.9337
The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 0.9452. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.9504. Be prepared for a potential short term price pull back to the 0.9367 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 0.9329
If Short -- exit all contracts at ... 0.9504
Australian Dollar / US Dollar-AUDUSD
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white candles.
A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 22 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has increased 3.98%, and has been fluctuating from a high of 0.950 to a low of 0.889.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergencesignals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 2 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 49 period(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of Australian Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 16 period(s) ago.
There were no SAR signals generated today. The lastSAR signal was a Buy 3 period(s) Ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Very Bullish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 29.3%. Bollinger Bands are 52.79% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Australian Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 56.81 in the neutral territory. The Relative Momentum Index is at 59.34 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in posi tive territory; this is a bullish sign. An equally important indicator, the STORSI is at 57.66. This value is in the neutral territory.
Euro Dollar / US Dollar-EURUSD
*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar
Sell Target:1.3521
Sell Stop: 1.3533
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.33%, and has been fluctuating from a high of 1.363 to a low of 1.349.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergencesignals during the last 5 periods.
The Stochastic Oscillatoris currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 13 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 38 period(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 13 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 14.3%. Bollinger Bands are 24.54% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 22/07/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.35one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.36 is decreasing. The Relative Strength Index is at 38.11 in the neutral territory. The Relative Momentum Index is at 26.73 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 11.89. This value is in the oversold territory.
VIT Weekly Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 25/07/14
Volatility Analysis
On 25/07/14, Australian Dollar / US Dollar closed up 0.0006 at 0.9394
Period StatisticalChange
10-period 12.1110 0.00
21-period 14.5872 -0.30
39-period 19.3628 -0.20
90-period 24.4278 -0.00
Bollinger Bands are 52.76% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 36.7346. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 57.13.This is not a topping or bottoming area. The last signal was a buy 50 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 84. This is not a topping or bottoming area.The last signal was a sell 3 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 23 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 155 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.
Summary
The current market condition for Australian Dollar / US Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.
Australian Dollar / US Dollar(AUDUSD)
Analysis of activity through 25/07/14
close: 0.9394
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 0.9211. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9208. Be prepared for a potential short term price fall back to the 0.9243 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 0.9203
If Short -- exit all contracts at ... 0.9504
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 29/07/14
Volatility Analysis
On 29/07/14, Euro Dollar / US Dollar last price up 0.0001 at 1.3438
Period StatisticalChange
10-period 3.0348 -0.27
21-period 3.3426 -0.38
39-period 4.0561 -0.01
90-period 4.2463 -0.01
Bollinger Bands are 35.97% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 12.9053. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 15 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 30.35.This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -97. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 13 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 60 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 229 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 10 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 10 period(s) ago.
Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.
Euro Dollar / US Dollar(EURUSD)
Analysis of activity through 29/07/14
Last price: 1.3438
The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.3549. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3640. Be prepared for a potential short term price pull back to the 1.3504 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3422
If Short -- exit all contracts at ... 1.3650