EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded perfectly
short as previously forecasted and even hit our first target at 1.1112. The daily candle is
still pretty much bearish and may push the price further to the lower side but should not
go beyond 1.1047. Thus, during this intraday, we wait for the current upward retracement
to reverse from 1.1159 from where we’ll be looking for low risk sell opportunities. This
view can only be invalidated in case the pair end up above 1.1159. This pair should be
traded alongside EUR/HKD, GBP/USD and EUR/SGD. These pairs have a strong positive correlation
GBP/USD is currently trading with a slight bullish bias. Unfortunately our SL was hit when
the price broke below 1.3280 and even went below 1.3145. The current chart setup and
structure conveys a bearish sentiment, which means the current upward rally is a mere
retracement and should not go beyond 1.3224 from where we’ll be looking for potential
low risk sell orders. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/NZD, and
GBP/CAD. These pairs have a strong positive correlation of up to +0.86 and will have a
similar price action during this intraday.
of up to +0.96 and will have a similar price action during this intraday.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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