Weekly Forecast (FX)

EUR/USD

Bullish, suspect the narrow range to continue on monday bias up to 1.4030-50.
If market formed a reversal, or divergence on 30 mins chart, EUR/USD is going to face a little correction before it continues to head up.

I would prefer to initiate long when EUR/USD trading at 1.3850, with my 1st Target 1.4150, then 1.4250 near previous top.

Once EUR/USD crossed 1.4250 with a closing above 1.4290, it is going to continue its upwave to 1.4550 region in coming weeks.

Support: 1.3820, breaking below this level expect EUR/USD to dip further to Strong Support: 1.3720.

Weekly position trade: Long near 1.3850, SL 1.3820, TG 1.4150-250.

GBP/USD

Resistance: 1.6450
Support: 1.6050

The big candle on weekly chart imply that GBP/USD may go higher this week.... GBP/USD to find current support 1.6230 (4 Hour chart, triple pincer), expect GBP/USD to go higher on Monday to test last week's top 1.6340 again. Breaking above this top means GBP/USD will rise to 1.6450 key resistance level.

To me, the reduced volatility in GBP/USD makes it hard to trade.

I prefer to wait, until GBP/USD comes to 1.6450, I will get ready to short when GBP/USD arrives at 1.6450, with a reversal pattern on intraday chart.

-Stay out-