Today's Signal - GBP/USD

GBP/USD - British Pound Dollar

Short term (Intraday)

 1,9587. GBP USD broke 1,9610 support. GBP USD is in an downtrend directed by 15min exponential moving averages. The volatility is low. 1H is in a bearish configuration. 1H, 4H Stochastic indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9450 support.

=> We could take a short position at 1,9590. We will put the stop loss above 1,9660 (70 pips). The targets are 1,9540 (+50 pips) 1,9490 (+100 pips) 1,9450 (+140 pips). Each trade is dangerous, take care and put your stop loss.

1,9610 - 1,9630
Supports
1,9575 - 1,9540


EUR/USD - Euro Dollar

Short term (Intraday)

1,2906. There is an horizontal range between 0,6755 and 0,6770. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are parallel and form the trend. Forex Trend 1H, 4H is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,2910. We will put the stop loss above 1,2945 (-35 pips). The targets are 1,2860 (+50 pips) 1,2800 (+110 pips). Each trade is dangerous, take care and put your stop loss.

Resistances
1,2925 - 1,2945
Supports
1,2900 - 1,2880