EURO/USD – Volatile moves expected to lead to further rise. EURO/USD made the expected correction yesterday. Today it has formed the high (1.3616) and low (1.3564) during early Japanese session. It is expected to make volatile moves to cut the low and go below during European session to the expected area of 1.3500 and then rise from late European session to go above the high to the area of 1.3650 and above. Quick drops are buy opportunities during European session to book profit during US session quick rise.
GBP/USD is expected to swing and rise. GBP/USD made the expected correction yesterday. Today it has formed the high (1.5140) and low (1.5076) during early Japanese session. It is expected to make volatile moves to cut the low and go below during European session to the expected area of 1.5030 and then rise from late European session to go above the high to the area of 1.5250 and above. Quick drops are buy opportunities during European session to book profit during US session quick rise.
Analysis by: Forexpros.com – Written by Dr. Sivaraman. Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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