Euro Analysis

Euro fell against the Dollar for a 12 day low yesterday. This pair is currently choppy and so if trading this at present should be done with caution.

The Euro forex analysis still shows a medium term bullish outlook and nothing has changed even though some people feel very nervous about the Euro upside. This is where the smart money differs from the dumb money. My confirmation of a change of direction is only when our system has defined it for us. Until then we stand aside and wait for the market to tip our hand.

Yesterdays EURUSD FX analysis stated to be aware of 123 786 and soon after the market failed the retest.

The GBPUSD found support at 1.9900 zone and bounced. Again we see it has poked it's head just above the 2.0000 resistance and currently trading at 2.0005 up almost 100 pips since the open of today.

Previous webinar attendees should place USDJPY into the watchlist utilizing one of the strategies we have shared with you at the appropriate time.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik

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