In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 19th session.
EUR/USD — We have rolled over in to the 19th. The candle on Thursdsay has been bullish. I think at this point, we are looking at possibly a bullish flag. It does not really matter. This is a buy only market. So, if we pullback, I will look at it as value with 1.21 being the beginning of significant support. Eventually, we will go hunting the 1.25 level. It is not until we break down below 1..20 that I will be concerned.
GBP/USD — We have very much the same story. We do have a shooting star from Wednesday. We have to break above and we are getting kind of close to 1.40. So, it might take a bit of momentum building to finally break out above there, but this market is also very bullish at the moment.
© Prabhu for Forex Videos, 2018. |
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