The EUR/USD is in uptrend. USD/CHF down – EUR/USD up. The price is very slow, only 37 pips of the ATR(5). Patience is needed but the price is bullish.

EURUSD

The market is bullish. Rejections from the 1.1100-15 are targeting higher levels. The first target is 1.1152 followed by 1.1167. If we see a continuation of uptrend in upcoming days, then we will see 1.1205 and 1.1240 as the final target. If the ATR stays the same then it might take a week. However at this point the EUR/USD scenario is buying the dip.

GBPUSD

 


 

The analysis has been done with the CAMMACD.Core System.

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