Tuesday, 15 January 2019

DAILY FOREX OUTLOOK | EURUSD GBPUSD

EURUSD GBPUSD TECHNICAL AND FUNDAMENTAL OUTLOOK 

EURUSD OUTLOOK

EURUSD is making higher high and higher low on a daily charts it is given a breakout from a long consolidation but failed to sustain above that resistance levels, all momentum indicators are in buying zone hence we suggest a buy on dips strategy
Major Support is at 1.14500 and Resistance is at 1.15700



GBPUSD OUTLOOK 

GBPUSD after a long consolidation on a daily charts it has moved out of a trading range now it seems a range is expanding on a long side it has also given a breakout of a double bottom pattern, all momentum indicators suggesting a buy hence we recommend a buy on dips strategy
Major resistance is at 1.29275 and support at 1.28125



FUNDAMENTAL NEWS


USD/SEK to Rise on Political Gridlock - Swedish Snap Election
AUD/JPY Resistance Held on Latest US China Trade, Brexit News
FX Week Ahead: Brexit Vote; Inflation Data from Canada, Japan, & UK
AUD/USD Open Range Favors Flash-Crash Rebound Amid Shift in Sent
GBP up Before Brexit Storm, EUR Resilient, AUD Underperforms - US Market Open.





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