EURUSD and GBPUSD – , Rehn: we haven’t discussed moving away from PEPP.
Our Analysis:
While the price is above 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2098
- Take Profit 1: 1.2265
- Take Profit 2: 1.2350
Alternative scenario:
If the level 1.1980 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1980
- Take Profit 1: 1.1880
- Take Profit 2: 1.1775
EUR/USD Intraday: under pressure.
Pivot:
1.2145
Our preference:
Short positions below 1.2145 with targets at 1.2110 & 1.2100 in extension.
Alternative scenario:
Above 1.2145 look for further upside with 1.2165 & 11.2190 as targets.
Comment:
As long as the resistance at 1.2145 is not surpassed, the risk of the break below 1.2110 remains high.
Trading Analysis of GBP/USD
Head of the Bank of England Bailey: The size of the Bank of England’s balance sheet will be a major concern over the next 5 years.
Our Analysis:
While the price is above 1.3970, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.4116
Take Profit 1: 1.4240
Take Profit 2: 1.4380
Alternative scenario:
If the level 1.3970 is broken-down, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.3970
Take Profit 1: 1.3800
Take Profit 2: 1.3670
GBP/USD Intraday: consolidation.
Pivot:
1.4100
Our preference:
Short positions below 1.4100 with targets at 1.4065 & 1.4050 in extension.
Alternative scenario:
Above 1.4100 look for further upside with 1.4125 & 1.4145 as targets.
Comment:
The RSI lacks upward momentum.
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