Friday, 11 January 2019



EURUSD Outlook

EURUSD as discussed yesterday it has given a breakout after consolidation now it has again given low risk opportunity to bulls. EURUSD has retested trend line breakout, all momentum indicators waving on the positive side hence we advise to adopt buy on dips strategy
Major Support is at 1.14950 and Resistance is at 1.15680

GBPUSD Outlook

GBPUSD is consolidating just below the breakout level keep an eye on this pair because if it breaks trend line then we might see swift move on the upside because it has made a double bottom pattern on the daily charts few days back. All momentum indicators turned positive for this forex pairs it is advised to adopt buy on dips strategy,

Major resistance is at 1.28000 and support at 1.27108

Breaking NEWS

GBP Drops on Election Talk, USD Recovers from Fed-Inspired Losses - US Market Open
Fed Lifts Stocks, US Dollar. AUD/USD, ASX 200 Prices May Climb
Upbeat Australia Retail Sales Report to Fuel Bullish AUD/USD Series
Fed Flexibility and Powell Patience Calms Market Angst
Australian Dollar Weekly Price Outlook: AUD/USD Reversal Targets

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