EURUSD and GBPUSD 17.10.2013 price action

Today, after USA budget agreement longs can be expected to be in favour. Is that news already in price? Nobody ever knows.

After watching carefully price action I’ll be looking to take a shot trade at a trendline, in 1.3570-1.3580 zone. I will need confirmation before taking that trade.

1.3540 will be first place to take short term long position.

Until noticable breake out I plan to trade consolidation between 1.6050-1.5900. I will be taking short at 1.6055-1.6060 otherwhise long at 1.58900-1.5895.