Trading recommendations:
- Trade on the channel breaking out. Who already did, hold positions to the mentioned above targets.
Alternative:
- The falling to the level of 1.3771 is probable, where from we will observe a correction again.
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On the euro, we can see the correction beginning. I do not think that it will be deep correction. It will be a flat movement ahead Friday’s news. 1.4040, 1.4140 are two correction targets, at which considerable sales occurred.
Trading recommendations:
- Trade on the channel breaking out. Who already did, hold positions to the mentioned above targets.
Alternative:
- The falling to the level of 1.3771 is probable, where from we will observe a correction again.
Regards,
analyst A. Portnov