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EUR/USD, AUD/USD, USD/CAD: Waiting For Better Levels - Morgan Stanley
In its weekly technical charts of the week, Morgan Stanley picks EUR/USD, AUD/USD, and USD/CAD where MS outlines some important levels where traders should consider engage with these pairs and placing their stops accordingly. On EUR/USD technical setup: "Our outlook remains bearish on EUR. We believe that in the short term a 5-wave impulsive structure has formed which is correcting. We like to sell and put a stop just above the high at 1.1050 since a move above here suggests that the upside momentum in EURUSD could send it towards 1.15. 4-month," MS advises. On AUD/USD technical setup: "AUDUSD has continued to ... (full story)
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- Edited Apr 26, 2015 8:47am Apr 25, 2015 1:32pm | Edited Apr 26, 2015 8:47am
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MA provides the market's current direction and strength.
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