EUR/USD
EUR/USD closed above the range of the consolidation range today,but still failed to invalidate the false break that started this market condition.But given the nature of the close, we we expect the market to rotate back to 1.3300 region before invalidate the false break mentioned earlier.Our bias is strongly bulish with the next key resistance around 1.3400 zone.
EUR/USD closed above the range of the consolidation range today,but still failed to invalidate the false break that started this market condition.But given the nature of the close, we we expect the market to rotate back to 1.3300 region before invalidate the false break mentioned earlier.Our bias is strongly bulish with the next key resistance around 1.3400 zone.
GBP/USD
GBP/USD rotated lower today at the earlier session but aggressively ended up forming a large pinbar.We are expecting a rotation to value around 1.5412 before the bullish run will pick up.1.5591 zone is next resistance level while 1.5751 is the next key resistance level.So, we are alert for bullish setup around 1.5412 zone to support our bullish bias
EUR/JPY
EUR/JPY rotated lower today after forming a small bearish pin yesterday.The EMA has crossed signifying change of momemtum to bearish.We are anticipating a reversal back to 129.35 zone where we can look for intra day bearish setup to conbfirrm our bias.Next support level is around 126.51 zone.
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