TRADING
TIPS :
The EURUSD failed to continue its
bearish momentum last week topped at 1.1043 after formed two Dojis as
you can see on my daily chart below. The bias is neutral in nearest
term but as long as stays above 1.0900 price is still in a bullish
phase testing 1.1065 and daily EMA 200 located around 1.1100. A clear
break and daily close above that area could trigger further bullish
pressure testing 1.1250 area. On the downside, we need a clear break
below 1.0900 to keep the bearish scenario since formed the shooting
star formation remains strong targeting 1.0800 or lower.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4170 TARGET 1.4190 1.4220 SL 1.4140
SELL
GBP/USD BELOW 1.4108 TARGET 1.4088 1.4058 SL 1.4138
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0997 TARGET 1.1017 1.1047 SL 1.0977
SELL
EUR/USD BELWO 1.0943 TARGET 1.0923 1.0893 SL 1.0973
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