EUR/USD
The
EURUSD tried to break above the 1.10 level during the course of the
session on yesterday, but shown a bit of resistance. With that, the
market should continue to see sellers every time we rally, and it is
believed that the market will continue to heads towards the 1.0750
level and then the 1.05 level. We would not look for buying
opportunities until we get above the 1.15 level.
GBP/USD
The
GBPUSD tried to rally during the course of the session on yesterday,
but found the 1.50 level to be a bit resistive. We feel that the
market will then go back down to the 1.48 level, as we continue to
consolidate. If we break down below there, and more importantly to
the 1.4750 level, we would be sellers and heading towards the 1.45
level. A break above the 1.50 level is likely to send this market to
1.51 level. As of now, we are looking for selling opportunities.
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