The USD continued higher today and gold continued its move lower.
A short was taken in the AUDUSD risking 11 pips for a potential 43 pips to our daily target at .7575 (not shown).
Price moved lower stopping at the .7600 figure where it found some buyers, then moved lower before retracing 10 pips going into the European close where our profit stop was hit.
Tomorrow be cautious trading in advance of the NFP release for January in the U.S. and the Employment Change for January in Canada.
The EURUSD closed well beneath the critical 1.2000 level today. It will be interesting to see how the USD finishes the week.
Some important downside levels for EURUSD bears to watch for include 1.1945, 1.1900, 1.1800, 1.1695, 1.1604. 1.1495.
A move higher above 1.2011 could test 1.2054, 1.2100, and 1.2190.
The vaccine progress in the U.S. and U.K. has been giving their currencies an advantage over the Euro.
Good luck with your trading and stay healthy.
