EURUSD. Pair broke 1.4083 supporton the daily chart and downwards pressure was stronger. Fibonacci extension 1.4000 has reached. The next is 1.3640. It should draw attention to the fact that the pair closed near to the minimum of the range. Perhaps there is a short-term bottom. You should to wait while rebound or turnaround signs will appear. Strategy: none.


GBPUSD . Pair broke 1.6112 support on the daily chart and downwards pressure was stronger. Target Fibonacci extension 1.5818 coincides with the support zone. Trade recommendations yielded  profits (to put sell stop order on the 1.6112 level). Who took advantage of my recommendations should fix profits. It should draw attention to the fact that the pair closed near to the minimum of the range. Perhaps there is a short-term bottom. You should to wait while rebound or turnaround signs will appear. Strategy: none.

Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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