Home Latest Trade ideas thread – European session 15 April 2021

Trade ideas thread – European session 15 April 2021

Forex, video, latest April 15, 2021 1:01 pm

Daily thread to exchange ideas also to share your thoughts

Major currencies are little changed on a day with Treasury yields keeping steadier as us count down to a US retail sales report later today.

a USD remains vulnerable with EUR/USD inching closer to a firm test of 1.2000 with USD/JPY also keeping below 109.00 for now as a downtrend stays a course.

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a aussie also kiwi were notable gainers yesterday but are keeping calmer today, with AUD/USD backing away from a 61.8 retracement level of its recent swing move lower from 18 March to 1 April @ 0.7728 on a daily chart.

Meanwhile, EUR/GBP continues to knock on a door of a 0.8700 handle also that remains one to watch inside gauging overall pound sentiment.

USD/CAD is also still trying to work out firmer direction as support around 1.2500-10 continues to hold up for a time being. CAD/JPY is also showing some resilience at support around 86.60 for now as a more choppy price action continues on a week.

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Elsewhere, gold remains indecisive as it consolidates after failing to breach resistance @ $1,755. a bigger picture narrative is that price needs to break either side of key resistance @ $1,755 or key support @ $1,676 for a next meaningful move.

All eyes become on a US retail sales report later today also a expectation is that us are likely to see a stronger reading than a already strong estimates, so keep that inside mind.

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What are your views on a market right now? Share your thoughts/ideas with a ForexLive community this.

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