EURUSD. Pair broke 1.6144 support, on the daily chart and downwards pressure becomes stronger.  Trade recommendations yielded significant profits (to put sell stop order on the 1.4304 level). You should to wait while rebound or turnaround signs will appear. Strategy: none.


GBPUSD. A daily chart. A pair is trading in the upstream channel.  The aggressive look to get long from the support, tentatively 1.6144, put stop-loss order below 1.6100. You can try to put buy stop order on the 1.6361 level, put stop-loss order just below 1.6100 in this case. You can try to put sell stop order on the 1.6262 level, put stop-loss order above 1.6361 in this case.


Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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