EUR/USD
Time: 08:00 Rate: 1.4404
Strategy: Short
Daily time frame
The price retraced the last upward movement (broken black) in third (38.2%) we believe that the breakdown of the level 1.4300 will continue the downward movement.
As can be seen by the graph bellow:
4 hour time frame
Potential trade
Short
Enter: 1.4300
Stop: 1.4430
Target: 1.4190
As can be seen by the graph bellow:
EUR/GBP
Time: 08.10 Rate: 0.8782
Strategy: short
Daily time frame
After the sharp downward movement we believe that in the first stage the movement will continue in the breakdown of the price level of 0.8700. The breakdown of this level as of the price and will most probably will continue to the level of 0.8620.
As can be seen by the graph bellow:
4 hour time frame
Potential trade
Short
Enter: 0.8740
Stop: 0.8799
Target: 0.8693
As can be seen by the graph bellow:
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Real-Forex team
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