EUR/USD
The market as an overall (all four majors) features a very "turn around" environment with most of the currencies reversing from the latest move seen yesterday (bearish in the EUR case), this morning with bulls in total control after a test off the latest inner uptrend line was featured during yesterday's session, and smaller timeframe up move patterns were built to drive the euro from a very bear to a very bull zone. Moreover, the currency tries to score new higher highs for the year, currently aiming for a break of 1.3440, meaning that so far we have to abandon our bearish forecast and either stand aside waiting for a new bull move or ride the aggressive north environment. Another scene that we must check is the test of the B high resistance at 1.3440 -currently holding-.
GBP/USD
The market as an overall (all four majors) features a very "turn around" environment with most of the currencies reversing from the latest move seen yesterday (bearish in the GBP case), this morning with bulls in total control after short term and smaller timeframe signals were built last night in form of an up move crown and back to back up move candlestick formations, that so far have been able to turn the GBP from a very bearish and bare bull retrace environment, to a very bullish setup, after the pound has broken the latest resistance downtrend lines. Moreover, the currency tries to return above the 1.9740 buy zone area, meaning that so far we have to abandon our bearish forecast and either stand aside waiting for a new bull move or ride the aggressive north environment. Another scene that we must check is the test of the strong resistance at 1.9740 -currently holding-. detail information, visit : action forex
The market as an overall (all four majors) features a very "turn around" environment with most of the currencies reversing from the latest move seen yesterday (bearish in the EUR case), this morning with bulls in total control after a test off the latest inner uptrend line was featured during yesterday's session, and smaller timeframe up move patterns were built to drive the euro from a very bear to a very bull zone. Moreover, the currency tries to score new higher highs for the year, currently aiming for a break of 1.3440, meaning that so far we have to abandon our bearish forecast and either stand aside waiting for a new bull move or ride the aggressive north environment. Another scene that we must check is the test of the B high resistance at 1.3440 -currently holding-.
GBP/USD
The market as an overall (all four majors) features a very "turn around" environment with most of the currencies reversing from the latest move seen yesterday (bearish in the GBP case), this morning with bulls in total control after short term and smaller timeframe signals were built last night in form of an up move crown and back to back up move candlestick formations, that so far have been able to turn the GBP from a very bearish and bare bull retrace environment, to a very bullish setup, after the pound has broken the latest resistance downtrend lines. Moreover, the currency tries to return above the 1.9740 buy zone area, meaning that so far we have to abandon our bearish forecast and either stand aside waiting for a new bull move or ride the aggressive north environment. Another scene that we must check is the test of the strong resistance at 1.9740 -currently holding-. detail information, visit : action forex
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