EURUSD. Euro is consolidating in the range (1.3492- 1.3758) on the daily chart . If pair will close above resistance 1.3758 upwards pressure will stronger. If pair will close below 1.3492 downwards pressure will stronger. I suggest waiting while pair in the range. Strategy: none.


GBPUSD. Trend is downwards on the daily chart. A pair is trading in the downstream channel.  As trading result candlestick that has a small body, long lower shadow and one short or upper shadow has been formed. Generally, the shadow at least twice longer than the length of the real body, which can be either black or white. This candlestick is reversal patterns  Hammer. I suggest to wait while rebound or turnaround signs will appear. Strategy: none.


Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions
 

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