Hello Traders, what’s going on market after US closing?
EUR/USD
After today’s day there are no classic Price Action signals on charts. One thing is pretty obious – play with the current, strong bearish trend. We could see EUR/USD going through last low support level which in some cases might be enough to go short. Probably, this fall is going to be continued untill blue line level is reached.
GBP/USD
Pound is still pretty strong, don’t you think? We can barely see a pinbar on daily chart after this session, which might be some sort of buy signal. Especially that we have some room for gains, perhaps till blue trendline. We are still above key support level, but it doesn’t mean to buy cable. Situation is still ambiguous but longs at this level might be reasonable.