Trade Idea for the day

11 Jun 2018 12:33 PM
 
EURUSD: - Not seen sustaining above 1.18 levels, currently above 21 day SMA on hourly charts. Momentum indicators like RSI at 60 with MACD above zero line giving Sell signals. Our Preference: - Buy Below 1.1810 Target – 1.1770-1.1780 Stop loss – 1.1825 GBPUSD: - Moved higher since opening levels likely to found resistance at around 1.3450 levels. Momentum indicators like RSI at 56 is indicating to sell with MACD around zero line giving sell signals. Preference: - Sell above 1.3440 Target – 1.34-1.3410 Stop loss – 1.3455 USDJPY: - Pair Moved higher since the opening levels likely to take resistance around the horizontal blue line on top. Technical indicators like RSI at 61 and MACD above zero line giving sell signals. Our Preference: - Sell Above 110 Target – 109.70-109.75 Stop loss – 110.15