First see post for EURUSD on June 22. The EURUSD had meet with reversal expectations at the 1.2150/70 zone and has now moved to the mid 1.2600′s. Long term trend line at 1.2735 could be a likely target for buys. From there we will look for possible pullback from this upward move or the break of that trend line to continue pressing higher.
No CommentsTrade posted to TAP at 10:46am ET, buy USDJPY at 87.40. We have been studying the potential reversal patterns on the weekly chart for this pair for several weeks now. With that expectation I have been looking for confirmations for buying again. With the break of the 4 hour trend line and now retest I am looking for this to begin pressing higher again.
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