EURUSD: EURUSD turned back after reaching the oversold zone, as RSI(14 period) is at 38 mark after dipping below the 30 region.
Our Preference: – Buy at current 1.1646
Target – 1.1674
Stop loss – 1.1634
USDJPY: The pair likely to fall back for intraday, as there is a downward sloping trend-line resistance seen at current levels. slow Stochastic has given a bearish signal in overbought territory.
Our Preference: – Sell at current 111.18
Target – 110.95
Stop loss – 111.29