The EURUSD moved higher on Thursday but we can see it's still contained under key resistance up near 1.1050 - 1.1100. We will look for price action sell signals near that resistance or consider a blind entry at that resistance area if price rallies in the coming days. Overall the trend is still down.
The GBPUSD has been consolidating / moving sideways this week. We are looking to sell on strength if price pops higher in the coming days. Of special focus is the level at 1.5138, we would consider a blind sell entry there if price rallies up to it or wait for a 1 hour or 4 hour chart signal to rejoin the overall downtrend.
The S&500 has remained buoyant off 2040.00 key support level recently, forming two bullish pin bars near that support recently. We've been bullish on this market and we see potential for more upside if price stays buoyant above 2030.00 - 2030.00 support. If price rotates down into that support traders could look to get long near there.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The GBPUSD has been consolidating / moving sideways this week. We are looking to sell on strength if price pops higher in the coming days. Of special focus is the level at 1.5138, we would consider a blind sell entry there if price rallies up to it or wait for a 1 hour or 4 hour chart signal to rejoin the overall downtrend.
The S&500 has remained buoyant off 2040.00 key support level recently, forming two bullish pin bars near that support recently. We've been bullish on this market and we see potential for more upside if price stays buoyant above 2030.00 - 2030.00 support. If price rotates down into that support traders could look to get long near there.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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