Jun 26 2018

Trade Idea for the day

EURUSD: Pair down from the opening levels of above 1.17, trading around 21 day SMA on hourly charts now.  Momentum indicators like RSI at 57 and MACD crossover above zero line giving sell signals.

Our Preference: – Sell above 1.1700

Target – 1.166-1.1670

Stop loss – 1.1715

GBPUSD: – Pair seen taking resistance at around 1.33 levels, currently trading below 21 day SMA on hourly charts. Momentum indicators with RSI at 49 is neutral and MACD crossover above zero line giving sell signals.

Preference: – Sell above 1.3270

Target – 1.3230-1.3240

Stop loss – 1.3290