TRADING
TIPS :
The EUR/USD pair keeps its stability
below 1.0890 level, showing slight bearish bias in attempt to move
away from the mentioned level, noticing that stochastic loses its
positive momentum gradually approaching from the overbought levels,
which represents negative factor that we wait to push on the price to
continue the bearish bias in the upcoming period. Therefore, our
bearish trend expectations will remain valid efficiently on the
intraday and short term basis, supported by the negative pressure
that comes from the EMA50, waiting for visiting 1.0750 level as a
next main target, pointing that breaching 1.0890 level will stop the
suggested negative scenario temporarily and pushes the price to test
1.1005 level initially.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4040 TARGET 1.4060 1.4090 SL 1.4010
SELL
GBP/USD BELOW 1.3880 TARGET 1.3860 1.3830 SL 1.3910
RECOMMENDATION:
BUY
EUR/USD ABOVE 1.0890 TARGET 1.0920 1.10950 SL 1.0860
SELL
EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870
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