EURUSD. Trend is downwards on the day chart. Pair has broke short-term ascending trend line. At the moment it is near to support line and and consolidated. You can try to put buy stop order on the 1.4739 level and put stop-loss order just below 1.4703 in this case. You can try to put sell stop order on the 1.4703 level and put stop-loss order just above 1.4739 in this case. During the consolidation many false alarms are possible. It makes difficult trading. I recommend to use the tactic of re-entry.


GBPUSD. Trend is downwards on the daily chart. It has broke lower border of channel. Strategy: none.


Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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