EUR/USD – Strong buying momentum after pullback
Last week was an insane week for all the dollar pairs. EUR/USD has been in buying biased for weeks and in last week, this pair surged higher on Friday due to ECB meeting minutes and weakening of U.S. Dollar index. This week, market will be tricky as both pull or trend continuation are likely to happen. We advice traders to enter after market showing at least 2 confirmation signal and the best is to trade after retracement.
GBP/USD – Price exploded upon touching entry zone
Same as EUR/USD, the sterling has made a massive movement last week due to some news report related to Brexit. In past few weeks, we have alerted in the buying trend for GBP/USD upon breaking of both daily swing points and price shot up right after it touched our preset entry zone. For those who missed the trade, you can still enter after retracement and we are targeting price to continue rally up to the TP2 level.
AUD/USD – Price rejection at TP1 and daily resistance broken
Last week, we were discussing about the potential pullback as price was overextended and close to daily resistance zone. Due to the poor U.S. data released, daily resistance was broken and we expect price to reach our next target at TP2.
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