MARKET UPDATES :
The EUR/USD pair fell slightly during the course of the day on Friday,
as we continue to grind lower. However, the markets have quite a bit of
support below, especially considering that we have the massive impulsive
candle from last Friday when the jobs number was so poor. Because of
this, it is more than likely only a matter time before the buyers return
to this marketplace. Short-term speaking, this market could drop down
to the 1.12 level, but that should be where the buyers start to return
to take advantage of value.EUR/USD is currently trading with a strong
bearish bias. on 10th June 2016, this pair broke below a significant
support level 1.1283 and is still pretty much bearish.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4183 TGT 1.4203 1.4233 SL 1.4153
SELL GBP/USD BELOW 1.4158 TGT 1.4138 1.4108 SL 1.4188
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