Update: EURUSD might have topped around @ 1.1800 handle today or it is carving a counter trend rally which will reach 1.1830 before reversing lower again.

Hello and Welcome to the pre Open New York Session.

Active Trades are as follows: EURUSD short (Positional and short term), US Dollar Index long, GBPUSD short, USDJPY long, Gold Short, SPX500, Dow Jones, DAX also remain short.

Trade Setup remain unchanged, and shall be updated later.

Major trends are forming as we begin a new series. Positional traders may way to continue holding.

Short term intraday traders might consider profits in EURUSD shorts @ 1.1724/25 Again sell higher @ 1.1820/30 levels. Positional traders continue to hold

Short term intraday traders might consider profits in US dollar index longs @ 93.74/75. Again buy @ 93.00/10 stop @ 92.30 target is open. Positional traders might consider holding longs.

Consider taking profits in GBPUSD @ 1.3004. Shall issue another sell limit at higher levels.

Consider taking profits in USDJPY @ 106.07. Had bought earlier @ 104.20/30. Shall issue another buy call at lower price.

Most short term profits booked in EURUSD US dollar index GBPUSD and USDJPY. Positional traders are on for IEURUSD and US Dollar index.

Indices continue to remain on the short side.

Gold triggered yet again at 1990. We remain flat now.

EURUSD counter trend rally into play. Short term traders watch out for 1.1820/30 to sell again.

Consider buying partialUS Dollar Index @ 93.30, remaining @ 93.00/10, stop @ 92.30 and target @ 96.50. Positional traders hold long trades.

Consider selling partial EURUSD @ 1.1795/1.1800, remaining @ 1.1820/30, stop @ 1.1960, target @ 1.1350.

Hello and Welcome to the Asia Pacific Open

Consider selling GBPUSD again @ 1.3080/1.3100 stop 1.3250 target is open

Consider buying partial USDJPY @ 105.60/65 remaining @ 105.00 stop @ 103.80. Target is open

EURUSD remaining shorts triggered @ 1.1820.

US Dollar Index remaining longs triggered @ 93.10.