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Hello Price Action Traders.

Eur/Usd

The eur/usd pair this week pushed upward firmly especially after NFPR ranging data to confirm changes in the FED’s monetary policy — not tapering. Now the price is showing indecision on the daily chart and the thing to do is wait for a pullback to the first support area at 1.3650 to take a long positio only if the price were to show price action trading signals confirming this idea.

Gbp/Usd

Gbp/Usd is in a situation much clearer if we go to check eru/usd too. The price seems to be unable to push above the key level at 1.6250 because it showed in the past days a tiredness to continue on its way. Interesting could be a short negotiation with support target at 1.5950.

 

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