EUR/USD it's really strong; today low 1.3583; high 1.3828 it's a 250 pips...right now it is @ 1.3767; it will probably retrace @ 1.3726... If you have respect for this market I am sure You will think carefully about take any position.
the rate is really strong, but right now I think there will be a retracement, the problem is to understnad when, and how big;
anyway selling it with a stop loss @ 1.3828 area would not be a bad idea, the retracement may end @ 1.3670 area; anyway I would take a really small position or stay out for the moment, since the high volatility may be painfull;
here are some support and resistance:
R3 1.4216;
R2 1.3971;
R1 1.3869;
S1 1.3624;
S2 1.3481;
S3 1.3236.
my trading plan is:
I will sell 1 unit of EUR/USD now @ 1.3772; stop loss 1.3830; take profit @ 1.3670.
GBP/USD it is probably stronger the EUR/USD, today low was 1.5449, high was 1.5792 it is 350 pips; right now it is 1.5750;
it is bullish, but in my opinion it went up to fast, probably in the next hours we will assist at a correction to area 1.5550;
I will wait for a pause in this bullish movemet and I will be short with a small position to try to capture the correction.
here are some support and resistance:
R2 1.6006
R1 1.5877
S1 1.5534
S2 1.5320
my trading plan is:
if in the next 30 min the rate will not move up and will stay in area 1.5740-15760;
I will sell 1x unit; stop loss 1.58; take profit @ 1.5534;
have a good trading :D
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