EUR/AUD range offers scalping environment as dollar volatility increases

EUR/AUD is a day where we see are extreme dollar volatility crosses whirling, just like the Federal Reserve on the verge of $500 billion in QE is relatively quiet. Comments from policy makers have already markets to alert but there was speculation at the attraction of the Central Bank today. In addition, we see risk appetite company on the back of strong earnings and the perspective the attraction is the single currency and the com dollars for supportive. The increasing correlation between the two has the couple in a narrow range, create an ideal scalping environment leave. Key technical level charts with strategy trader - prepared by John Rivera the EUR/AUD has created a range between 1.4050 and 1.4300 carved as we continue to trade sideways. The 20-day SMA at 1.40979 and the 100-day SMA to 1.42701 offer potential barriers and target values. Is now an increasing intra-day Canal create points to enter and exit positions for high frequency traders. Charts with strategy trader - prepared created by John Rivera key support ResistanceLevels watch quantitative metrics the EUR / AUD's Bollinger band width has to 258 pips reduced, as the pair in a narrow range completes its attractiveness as a scalping target. Is, however an ATR from 131 pips since his daily volatility in the top ranks which would most trade pairs rank. Trader - created charts using strategy prepared, John Rivera volatility / activity click indicators for additional info on scalping strategies to discuss scalping strategies and get tips from other traders visit the scalping Forum. Added to this report to discuss or e-Mail list, contact John Rivera, currency Analyst: jrivera@fxcm.com

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