Coneyhull

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Joined paulconeyworth
Markets Allocation
100 % forex
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FX:EURUSD 50% | 1 FX_IDC:EURUSD 50% | 1
54 0 2
EURUSD, 60
EUR/USD - Await breakout.

Difficult to gauge sentiment with the political and economic instability in the US and the EU, albeit less so in the latter. The pair hit a year high last week of approx 1.075-1.077. There was 4 touches of this high which quickly retraced. Currently, the pair is in a consolidation phase and waiting for breakout. If the the loosely drawn, ascending triangle holds ...

37 0 1
EURUSD, 60
EUR/USD - wait for breakout.

A tough week ahead for the pair considering all the data that is out WB 16/1. The pair has found support and resistance at around 1.0603. This current price level is providing support, the next level of resistance is at apporx 1.066. I expect a momentary consolidation phase before a breakout.

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