Weekly Trades: EUR/USD, GBP/USD, EUR/GBP

EUR/GBP at the 0.9052 close sits between big level 0.9043 and minor point at 0.9061. A break below 0.9043 targets easily 0.8963 and above 0.9123. From EUR/GBP 0.8963 and 0.9123 translates to GBP/USD 1.2702 below and 1.2958 above.


Vital to GBP/USD at 1.2700’s is many and massive supports exists at 1.2844, 1.2833, 1.2831, 1.2833 and 1.2800.


The EUR/GBP break or hold at 0.9043 is the crucial key to GBP/USD movements.


Weekly Trades


GBP/USD


Short 1.2991 and 1.3007 to target 1.2863
Short below 1.2831 to target 1.2719.
Long 1.2719 to target 1.2799
long 1.2863 to target 1.2927.


EUR/USD


Short 1.1790 and 1.1802 to target 1.1628
Short below 1.1603 to target 1.1504
Long 1.1504 to target 1.1578
long 1.1628 to target 1.1752


EUR/GBP


Short 0.9134 and 0.9144 to target 0.9063.
Short 0.9043 to target 0.8982.
Long 0.8982 to target 0.9023.
Long 0.9063 to target 0.9104.

Brian Twomey

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