Dec 04 2017

Trade Idea for the day

EURUSD :- Momentum Indicators reaching towards oversold zone.

Our Preference:- Sell at 1.1868 for the target of 1.1850-45 with a stop-loss of 1.1875.

GBPUSD:- 5-Day SMA crossed over 8-Day SMA from upside, giving a sell signal.

Our Preference:- Sell at Current(1.3453) for a target of 1.3433 with a stop-loss of 1.3465.

USDJPY:- Inching towards trend-line resistance .

Our Preference:- Sell at 113.00  for the target of 112.80, put the stop-loss at 113.10.