Jul 27 2018

Trade Idea of the day

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