Today’s message about the Forex Trading Alerts is going to be short as Nadia Simmons is not in the position to write the regular issue in full today for health reasons. Still, she is keeping an eye on market developments, and has sent in the following summary.

EUR/USD has touched our waiting order, closing our open position. While the bulls have given up some of their earlier gains today, and the pair still trades below the previously-broken lower border of the rising orange trend channel, meaning that all upswings could be nothing more than verifications of the earlier breakdown below this support (as seen in our yesterday's Alert). AUD/USD has added to its yesterday's gains and has also risen right up to our waiting order, leaving us flat. Yet the weekly and daily bearish outlook remains in force. For perspective, today's AUD/USD upswing (at around 0.6980 currently) trades well below the 23.6% Fibonacci retracement (marked in green in our Tuesday's Alert daily chart). There're no opportunities worth acting upon in the currencies. As always, we'll keep you - our subscribers - informed.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Editor-in-chief, Gold & Silver Fund Manager