TRADING
TIPS :
EUR/USD is currently trading with a
bearish bias. The rebound from 1.1024 invalidated the anticipated
upward rally towards 1.1338, meaning, as long as the level 1.1024 is
not violated, we will remain short with our ultimate target at 1.073,
a break below this support would mean we are headed further short
with the next ideal target at 1.05451. Ideally, in the next few days,
we expect to complete the three wave cycle with the black wave (c)
ending on either 1.0732 or 1.05451.In case of a violation of the
level 1.1024, we will wait for a breakout above 1.1056 to continue
long with our ideal target at 1.1338.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4018 TARGET 1.40381.4068 SL 1.3988
SELL
GBP/USD BELOW 1.3950 TAGET 1.3930 1.3900 SL 1.3980
RECOMMENDATION:
BUY
EUR /USD ABOVE 1.0990 TAGET 1.1010 1.1040 SL 1.0960
SELL
EUR/USD BELOW 1.0960 TAGET 1.0940 1.0910 SL 1.0990
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