EUR/USD is trading @ 1.3950 area; yesterday it failed to break 1.4000 area and retraced to 1.3850 area; today is the day where it can go up and break 1.40 or it will retrace down to 1.3850 and than down to 1.3720 area;
at this point I would bet on a fail to continue the bullish trend; the RSI (15min chart) right now is flat at 51; the rate went down 50 percent of yesterday up movement and right now should attempting area 1.4000;
here are some support and resistance:
R3 1.4281; R2 1.4118; R1 1.4051; S1 1.3888; S2 1.3792; S3 1.3629
my trading plan here is:
I will sell 1x unit right now @ 1.3966;
stop loss @ 1.4051;
target area 1.3850
GBP/USD is trading @ 1.5987; yesterday it didn't move at all; this morning went down to 1.5926 and up to 1.59999999 ,it is a joke I think it just touched 1.6000;
I do not think we have a good macroeconomic support to justify the continuation of the bullish momentum; to be clear I do not see the rate @ 1.65 right now it will look to much distorted;
here are some support and resistance:
R3 1.6274; R21.6082; R1 1.6003; S1 1.5811; S2 1.5698; S3 1.5314
here is my trading plan:
I will sell now 1x unit @ 1.5986;
stop loss @ 1.6030(it is just 44 pips);
target 1.58 area
have a good trading day
:D
No comments:
Post a Comment