We usually like to watch market situation to develop further on Mondays and do not rush to trade. Advice on EURUSD is to see how price action develops around 1.3700-1.3710 level and search for a short position there. Trading with trend and sentiment is usually a better and easier way to achive quick profit so we will watch price action at 1.3646 - 1.3658 zone as a first place to join the uptrend. Meaningful break of that zone will start a corrective move towards 1.3600-1.3580.
On Monday during european session we don’t expect to much movement, depending what price action shows we will be looking for a short position on GBPUSD at 1.6222-1.6227 level, otherwise and still preferable are long positions: first at 1.6140-1.6145, and if this level will not hold then another long position to joint uptrend at around 1.6055-1.6060 level. As the market situation developes we will keep updating.
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