By: Investija
EUR/USD- Further Low Bouncing Up and Down is Expected.
Narrow trading range is formed between support level at 1.3501 and resistance at 1.3568 price level. While candles remain in this area, further low bouncing up and down is expected. Bears are heading towards support barrier and test its strength. At the moment short term selling options below support level can be considered, but confirmation of breakout is needed.
GBP/USD- Selling Options Are On a Table For Now.
GBP/USD has rebounded from resistane level at 1.5112 back to 1.5000 price level. At the moment, support level holds at 1.4933, if bears can manage to breakout this level - bulls are in danger whereas bears side can slide further downside. Selling options are on a table for now.
