Long Position above 1.1740 with targat at 1.1800
Sulman's Blog
GBPUSD DOWN TREND
GBP/USD momentum is bearish and resistance lies at 1.3260 (resistance line). Hence, there are chances of a dip to 1.2990
EURUSD DOWN TREND
EUR/USD momentum is bearish and resistance lies at 1.1700 (resistance line). Hence, there are chances of a dip to 1.1466
GBPUSD DOWN
Short positions below 1.3350 with as long as the resistance at 1.3470 is not surpassed i think down trend near 1.3100
EURUSD DOWN
Short positions below 1.1750 with as long as the resistance at 1.1880 is not surpassed i think down trend near 1.1367
GBPUSD DOWN NEXT MONTH
GBP/USD has resistance at 1.3950 and moving averages are turning down. Hence, we expect a dip back to 1.3600. Above 1.3950 to open 1.4050
EURUSD DOWN NEXT MONTH
EUR/USD has resistance around 1.22500 but moving averages are bullishly alligned. Hence, a break above 1.2300 is likely to open 1.2371. That said, while below 1.2200 we still expect a dip to 1.1990