Feb 26 2018

Trade Idea for the day – 26 Feb 2018

EURUSD :- Trading close to its resistance zone on a hourly chart and 14 Day RSI is reaching towards the overbought territory.

Our Preference:-  Sell at 1.2335-1.2340

Target – 1.2307 and 1.2290

Stop loss – 1.2362

GBPUSD :-  Symmetric Triangle on 4 Hour chart, presently trading near to its resistance line(at around 1.4050-60). Slow Stochastic is at 80 mark – an indication of price reversal.

Our Preference :-  Sell at 1.4050

Target – 1.3965

Stop loss – 1.4183