EURUSD. Pair broke 1.3861 support on the daily chart and down wards pressure was stronger. Fibonacci extension 1.3640 was reached. Trade recommendations yielded significant profits (to put sell stop order on the 1.3861 level). You should to wait while rebound or turnaround signs will appear. Strategy: none.


GBPUSD . A pair broke 1.5818 support on the daily chart and down wards pressure was stronger.  Pound has reached  lower border of descending channel. Trade recommendations yielded significant profits (to put sell stop order on the 1.5818 level). The aggressive look to get short from the resistance, tentatively 1.5800, put stop-loss order above 1.5976.
 

Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions
 

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