Friday, 11 January 2019

FOREX MARKET OUTLOOK | TRADEWORLD 247

 EURUSD GBPUSD CHART OUTLOOK

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
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