EUR/USD
the rate is trading right now @ 1.3770; yesterday low 1.3583; high 1.3828;
what exactly happened is that the rate break the resistance @ 1.3720 area and now it is trading 50 pips higher; today some banks in Europe will be close, due to an holiday; so I am not expecting big volatility; right now 1.3770 rapresent a retarcement of 23%; 1.3730 area rapresent 38%; I will play to capture a retracement.
here are some support and resistance:
R3 1.4224;
R2 1.3979;
R1 1.3884; (make attention to this first resistence it's 1.3884)
S1 1.3639;
S2 1.3489;
S3 1.3244.
my trading plan of the day is:
I will sell 2 unit of EUR/USD @ 1.3775, right now;
stop loss @ 1.3828
take profit @ 1.3680 or much before, depend on the evolution of the rate during the day.
GBP/USD
it is trading right now @ 1.5766; yesterday low 1.5449; high 1.5815;
the rate is bullish and may go further up; but first will need a new support...
well a good new support for the next "bullish explosion" may be @ 1.5600 area and that looks interesting to me; @ 1.5683 we have a 38% retracement of yesterday movement...
here are some supports and resistance:
R3 1.6409;
R2 1.6043;
R1 1.5904;
S1 1.5538;
S2 1.5311;
S3 1.4945;
here is my trading plan:
I will sell 2x unit of GBP/USD @ 1.5778 (right now)
stop loss @ 1.5820
I will buy back 1x unit @ 1.5683;
I will buy back 1x unit @ 1.56 area;
have a good trading day;
:D
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