TRADING
TIPS :
The
EUR / USD tested the lower boundary of the rising channel; you can
see a rebound there. The RSI on the four-hour chart rebounded from
the support level, indicating the growth of the European currency.
Thus, the forecast EUR / USD on 31 May 2016 provides the
consolidation in the 1.1120 area and the upward movement development.
There are attempts of the “bears” to break the ascending channel
– the main support is in the 1.1100 area.
RECOMMENDATION:
BUY
GBP/USD ABOVE 1.4590 TGT 1.4610 1.4640 SL 1.4560
SELL
GBP/USD BELOW 1.4569 TGT 1.4549 1.4509 SL 1.4599
RECOMMENDATION:
BUY
EURUSD AROUND 1.1125 TGT 1.1145 1.1175 SL 1.1095
SELL
EUR/USD BELOW 1.1137 TGT 1.1117 1.1087 SL 1.1167
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