#GBPUSD at the USA open.

During the european sesion GBPUSD didn't break through 1.6114 , if it tries again we will be looking for a long position at this level. On the other hand short at 1.6180-1.6185 level and if price breaks through it will be looking to take a long trade on the retracement to that level.

#EURUSD - US open

US session is about to start. After correction during european session to 1.3740 EURUSD started to move back to the upside. Breaking through 1.3763-1.3770 is crutial for further move up. If M5-M15 short term price action shows potential to defend this level we going to open short with SL around 1.3780 and TP about 25 pips. If this zone fails longs are in play and taking a trade on retracement will be appropriate (SL10-15/TP20-25).

#EURUSD what's next?

After another strong move up some indecision can be expected. Our mantra “trend is your friend” sugests to look for long positions and we are. There is a lot of places to watch today and in coming days. Break out to the upside through 1.3800 should give possibility to join the trend on retracement. Prefered places to join uptrend are: 1.3700 and a zone of 1.3650-1.3680, where breaking 1.3650 would open more space for further correction towards 1.3580-1.3600.

#GBPUSD Morning setups.

After yesterday's strong upward movement we expect some correction towards 1.6175-1.6180 level and if it fails next zone to watch is 1.6112-1.6117. At this levels we will be looking to open long positions in the attempt to join the uptrend. As always SL  10-15 TP 20-30.

#EURUSD waiting for NFP

We expect EURUSD to stay inside the range between 1.3660 – 1.3680. Any attempt to break out of a wider range (1.3700 – 1.3645) before NFP should give opportunity to take a contrary trade. We are awaiting for confirmation to actually take short towards 1.3600.

#GBPUSD USA session.

After very  slow morning and no potential from GBPUSD to go up, we expect that the level 1.6140 will be broken and we will look for short position at this level on retracement with first TP at 1.6100-1.6095 level, and second TP at 1.6060-1.6055 level. SL as usually around 10-15 pips.

#EURUSD #GBPUSD - are longs still in play?

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.