Forex Trading Latest Ideas Outlook ~ forex trading for nri
EUR/USD
It is near to the very nice support 1/0950 and market moves up many times from this level. If we look at 100 day moving average we can see the same level of 1.0955. SO there is a chance to earn up to 100 pips. Sell pressure should be lower at that point .
USD/JPY
Yesterday we have seen a lot of pressure on USD from Yen and USD today went down. We can say that upward movements can be less seen in this situation. So, it is good to take SELL position on USD/JPY on bounces.
GBP/USD
It has fallen dramatically but now we can expect a time to fight back and we can see some bullish movements.
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