STAM STRATEGY – JUN28

EUR and USD now have the strongest ratings on both weekly and daily matrices.  EUR happened to just close above the 89MA against all of the other currencies.

Still several S2S setups on the Yen but no significant retracements have yet occurred. Continue to monitor the Yen pairs.

EUR has gone into S1B against GBP and against USD.  Waiting for retracements,  Additionally both pairs would be encountering resistance (previous tops) not overly far from the current price levels.

AUDCHF and AUDUSD are in S1S and S2S environments.  However the momentum is very has turned bullish on these pairs this week (it should be confirmed by the end of day) thus invalidating these setups.

Nothing to enter into the market.  So this week, after an invalid trade on EURAUD on Monday morning, we sat on the sidelines for the rest of the week.

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