Aug 07 2018

Trade Idea for the day

EURUSD: The pair has given a positive breakout to the range on a hourly chart. A strong bull candle is formed on the chart with MACD bullish momentum.

Our Preference: – Buy at current 1.1570

Target – 1.1600

Stop loss – 1.1555

GBPUSD: Range breakout with a positive divergence in hourly chart. GBPUSD has gathered bullish momentum for intraday to move higher, the pair has given a bullish breakout to the range with a bullish divergence in MACD.

Our Preference: – Buy at 1.2958

Target – 1.3000

Stop loss – 1.2938