FX-Price

EURUSD After another strong move up some indecision can be expected. Our mantra “trend is your friend” sugests to look for long positions and we are. There is a lot of places to watch today and in coming days. Break out to the upside through 1.3800 should give possibility to join the trend on retracement. Prefered places to join uptrend are: 1.3700 and a zone of 1.3650-1.3680, where breaking 1.3650 would open more space for further correction towards 1.3580-1.3600. GBPUSD After yesterday’s strong upward movement we expect some correction towards 1.6175-1.6180 level and if it fails next zone to watch is 1.6112-1.6117. At this levels we will be looking to open long positions in the attempt to join the uptrend. As always SL 10-15 TP 20-30.

Common sense dictates looking for longs. I usually try not to trade on Friday, especially if situation is not clear and I’m already in nice profit through the week. There is few places to join the trend and I mainly will look for three scenarios. 1st – break out to the upside and retracement to 1.3680, then uptrend continuation. 2nd – correction to 1.3645 and from there move up. 3rd – weekness after break out to the upside and start of correction.

Common sense dictates looking for longs. I usually try not to trade on Friday, especially if situation is not clear and I’m already in nice profit through the week. There is few places to join the trend and I mainly will look for three scenarios. 1st – break out to the upside and retracement to 1.3680, then uptrend continuation. 2nd – correction to 1.3645 and from there move up. 3rd – weekness after break out to the upside and start of correction.