Saturday, July 31, 2010
EURUSD heading towards 1.3210 level
EURUSD seems to have settled in upward trend and it seems that currently it is looking to target 1.3210 level. Traders will look to currently buy EURUSD especially on retracement dips and one such good buying level is 1.3000 for initial targets above 1.3200 level.
Wednesday, July 14, 2010
GBPUSD looking for retracement
GBPUSD seems to take retracement towards 1.5125 level and then will look to resume its upward trend. In case this dip is extended, then traders will looking to buy GBPUSD at 1.5000 level which also seems a very good long term buying level as well. If GBPUSD breaks below 1.5000 level then we will be looking at reversal of trend.
On the upper side, initial targets are seen around 1.5300 level and once GBPUSD manages to break above that level, we will be looking for GBPUSD heading towards 1.5500 level.
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