Chart Analysis: EUR/GBP

[Pinalli]

Chart Analysis: EUR/GBP

EUR/GBP has tried to rally through the very key pivot area around 0.8630 lately, but has not convincingly taken this level out, which it must do before we can think that a larger rally is in the wings. To the downside, the first critical support is the 21-day moving average, a break of which could lead to a full test of the recent lows.

 

[Pinalli]

CHART ANALYSIS: EUR/USD

The break of the descending trend line did follow through on Friday breaking as low as 1.41 before rebounding. The key break could set up at a test of the 1.4338 high for the year. To the downside, the bears need to see the 1.4000 level give way to gain confidence that the USD will continue to resist the sell-off.

 

[Sofia]

My trading strategy for eur/jpy is to hold long entered at 136.15, Target: 137.80, Stop: 136.10

Do ytou thinks its a right step to go with?