This Week’s Trade Ideas: EUR/USD, GBP/USD, S&P500 and Gold

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This Week’s Trade Ideas: EUR/USD, GBP/USD, S&P500 and Gold

Postby kreslik.news » Mon Jul 04, 2016 7:40 am


EUR/USD – euro/dollar continues to flounder near key level

Following the huge sell-off from 1.1420 key resistance level following the Brexit results, the EUR/USD retraced modestly higher last week, reclaiming 1.1100. Price is currently trading just above that key level at 1.1100 but due to the recent influx of bearish momentum following the Brexit we are remaining bearish on this pair again this week. We will watch for price action sell signals as this pair continues to approach the 1.1420 key resistance area and we will continue to maintain a bearish (downward) bias whilst under that level.

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[size=180][i][b]GBPUSD – ... (read more)

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