Aug 10 2018

Trade idea for the day

EURUSD: After a steep intraday fall Euro has started recovering. On a hourly chart pair formed a single reversal candlestick (Hammer) – with RSI(14) trading below 30 mark.

Our Preference: – Buy at 1.1463

Target – 1.1500

Stop loss – 1.1450

GBPUSD: 30 minutes chart is showing a bullish divergence in Slow Stochastic and a single candle reversal – Hammer is also formed to prevent the further decline in pair.

Our Preference: – Buy at 1.2778

Target – 1.2818

Stop loss – 1.2758