Sorry Greg, I forgot to answer one of your questions.... Yes, I normally trade with 2 pairs at the same time, EURUSD and other more volatile(GBPUSD,EURJPY or GBPJPY)... I believe is always good when you believe on your trade, trade with another correlated pair to take advantage of the volatility of others pairs.
Thanks Vitoria for your comment. You are always welcome to come and comment in this theard. You welcome Greg, I am always ready to answer your questions.
EURUSD Long positions above 1.4055 with targets @ 1.4145 & 1.417 in extension. Alternative: Below 1.4055 look for further downside with 1.395 & 1.3915 as targets. Comment: a support base at 1.4055 has formed and has allowed for a temporary stabilisation. GBPUSD Long positions above 1.6492 with targets @ 1.6625 & 1.666 in extension. Alternative: Below 1.6492 look for further downside with 1.6365 & 1.63 as targets. Comment: the pair has broken above its MT declining trend line and should post a further bounce as the RSI well directed.
EURUSD LONG positions above 1.4065 with targets @ 1.4145 & 1.418. Alternative: The downside breakout of 1.4055 will open the way to 1.4 & 1.395. Comment: the pair is rebounding on its new support as the RSI is supported by a rising trend line. GBPUSD LONG positions above 1.65 with 1.66 & 1.666 in sight. Alternative scenario: The downside penetration of 1.649 will call for a slide towards 1.643 & 1.6365. Comment: the RSI is turning up, the pair should rebound on its new support and reach its previous high.
EURUSD Long positions above 1.405 with targets @ 1.4095 & 1.4145 in extension. Alternative: Below 1.405 look for further downside with 1.4 & 1.395 as targets. Comments: the pair and its intraday RSI are challenging their supports, caution. GBPUSD Long positions above 1.6475 with targets @ 1.655 & 1.66 in extension. Alternative: Below 1.6475 look for further downside with 1.643 & 1.6365 as targets. Comment: the pair is rebounding on its support as the RSI lacks downward momentum.
EURUSD Long positions above 1.3935 with targets @ 1.403 & 1.4075 in extension. Alternative: Below 1.3935 look for further downside with 1.39 & 1.385 as targets. Comment: the RSI is turning up, the pair is rebounding on its support and should reach its next resistance. GBPUSD Long positions above 1.635 with targets @ 1.65 & 1.655 in extension. Alternative: Below 1.635 look for further downside with 1.63 & 1.624 as targets. Comment: the pair and its intraday RSI are rebounding on their supports.