Dear Traders,
The EUR/USD and GBP/USD are showing strong bullish momentum after hitting 1.23 and 1.38. The strong bullish impulsive price action is indicating that a continuation is likely after price builds a bearish retracement or chart pattern such as a bull flag or triangle. A retracement towards the 1.22 and 1.37 support level could provide bouncing spots for further upside.
Check out the video for the full analysis and trade plans on 15 – 16 January 2018:
Good trading,
Chris
.
Leave a Reply