Round Up & New Currency

Good Morning Dynamic Traders

Hope you all had a great bank holiday weekend! I had a brilliant time in Great Yarmouth with my girlfriend, and now I’m looking forward to making money on the markets this week.

I would like to start by apologising for not posting an update last Friday! I was a little late getting to work due to traffic and because of a busy day I struggled to find time to update the EUR. So today I will round up following the EUR and we will begin to follow and learn from another currency.

My last update on Thursday last week, I expressed how I was surprise that the EUR managed to break out of the trend line and I thought that it might stay within trend line a little longer so that we might of had the chance for trading a short position. Since price broke above the trend line price has been using the trend line as support rather than resistance. Price has also been using a S/R line for support which happens to be at a RN, just above the trend line.
It will definitely be interesting to see what happens to price as there is a lot of support below where price is currently. Also see Bijal Shah’s awesome update from yesterday for more EUR fun!!














I have decided to follow the Loonie this week. A currency I haven’t spoken about in while and quite keen to catch up with.
In the day chart below I have marked 2 S/R lines which have helped to keep price from falling. You will also see that price broke through the top support line, and depending on your trading style might possibly trigger you a trade. We are now left wondering what will price do now?
Tomorrow we will break down the Loonie some more!














Happy Trading

Richard Monnery