After todays bottom at 1.119 the EURUSD has completed its Bearish cycle and is now yet again on its Bullish cycle, With that my outlook is for the EURUSD is positive TP 1 @ 1.125 TP 2 @ 1.128
I Believe that the current level of the EURUSD is in a Resistance zone and it is in a good place for a Sell opportunity. TP1 @ 1.119 TP2 @ 1.1175
the current level of EURUSD is in a support zone anywhere around the 1.16 line is a BUY opportunity, this will translate into formulating a channel between 1.16 and 1.122 line and then back again at 1.16. A break below 1.14 will violate this theory, keep trading and happy pips ;)
I believe that the EURUSD will fall back to 1.119 - 1.116 before continuing its uptrend towards even higher values. TP1 @ 1.119 TP2 @ 1.1175
After todays peak at 1.366, my speculation is a reversal towards 1.33 area
A reversal took place at yesterdays peak at 111.75 signals a negative bias, for a slide towards 110.5 support zone
My outlook is Long for EUR/USD till the resistance level @1.063
My prediction is short for the GBP till the support line @ 1.212
UJ is going long tomorrow since reversal took place @115.15
the 2 hour graph shows a short-term downwards direction with overall bullish direction afterwards