Hello dear friends and mates how are you all? I hope that you guys are doing well and making a good profit but if you look at the market condition there is no high volatility and market pace since the last few days. Last time the price of the USD index got down to 90.89 and still the uprising movement of EURUSD and GBPUSD was not seen. But I can see EURUSD has a record high of 1.2110 high and GBPUSD hit 1.4000 then it got a big swing back to 1.3850. Last time the price was holding the support from 1.1703 of EURUSD and 1.13668 for GBPUSD.
Closed trade with profit
As you can see I have made more than 65$ in profit yesterday and my equity was $1000 and within a day this is a very good amount of profit and I have a target to make 200-250$ within this week. Yes if you look at the selling position of GBPUSD which was at 1.3911 and EURUSD 1.2097 and the currency price got down slightly from that position so I think I made a good decision to close those orders.
At this moment I have two positions running which are EURUSD and GBPUSD and both are giving me $32 of profit and this trade can bring me more than 150$ so that my target of this will be achieved. as we can see USD index got a heavy drop at the price level of 90.79 but there is an uptrend that is possible within the USA session today.My target of EURUSD at 1.2048 and my GBPUSD target at 1.3829.
Here is the upcoming news list and we can see that CB consumer confidence is very medium impact news and also Richmond manufacturing index is an important news event today and we need to look for that news effect.
The target of EURUSD today
If we look at EURUSD daily chart then there is the nearest target area of 1.1952 level, yes I think there is no big news event today to I am not expecting that price will give such a big range of moment but at least there is a possible target area of 1.2010 today and within this week the chance is high that EURUSD will get a drop at 1.1953.
GBPUSD can move 1.3950 today?
According to the daily chart of GBPUSD, we can see that there is a bullish trend channel was seen and if the price moved upward to 1.4306 level and the downtrend could possible at 1.3668 and you know that the lower support zone created over there and the price was a swing from 1.3668 to 1.4000.
what do you think about the GBPUSD moving range today?