A bit mixed feelings about Friday's price movement. Use of tight stops helped to stay on track, but it was a disappointment to watch that downside movement in Eur/Usd. So, Eur did not manage to rise up and erased it gains against Usd by sliding down to 1220 level. All that was due to that selling pressure zone on Daily timeframe. But, the bullish trend on 1h, 4h timeframes still active and I expect some consolidation before it finally break the 1.14 level. If it back to 1.13 on Monday, there is an ascending edge formed then, and the upper targets can really be much higher than 1460. Will post a chart tomorrow with some corrections to forecast based on current price mark.

Gbp got back to 4560 and it was nice to play this out. But, because of Eur it got rejected there. In overall, in medium term, I am still bullish on it. I suppose, it, along with Eur, are trying to position themselves for mutual one-way move upwards against Usd. Taking in account the upcoming release of FOMC minutes next Wednesday, the starting point for this move can come up on these news. Will also post a chart of my view on it tomorrow.

As always, I wish only green lights splashing in front of you! Good Luck!
Przetłumacz na Angielski Pokaż oryginał

Gdy nie jesteś zalogowany, nie wiemy jakim językiem się posługujesz, lecz przypuszczamy iż jest to Angielski
Zarejestruj się lub wybierz inny język do tłumaczenia z listy.

– lub –