descending wedge and lines of support and resistance suggest entries for sells and buys following negative trendline. Descending wedge suggests a longer term bullish trend so a break from 1255-1240 for the upside and highs forecasted by Goldman Sachs of 1450 line up with this...
EURUSD has been trading within a predictable pattern and range. With US GDP tonight expected to be bearish and no major Euro data, EUR/USD presents a good long opportunity after the dip from US dollar strength and bad German data. Also great entry point for a sell at the top of the descending channel. Yellow support line hasnt been broken since June 2017.
Short to 0.7002, capped by long term negative trends fundamental data for the AUD supports the sell. Technically descending channel is supported on weekly time frame and stop losses can be set quite tight for this trade. Stop set above 0.7200 with take profits rought 150 pips down 3:1 reward to risk
Daily confirmation candles signal a BUY from strong support, looks like a great BUY for the coming days. Long term negative trend line caps take profit at 1.1370. Also could break to the downside soon with a possible bearish triangle formation on the daily over the long term.
EURO Data (high impact)
-ECB Monetary policy (11hrs)
US Fundamental events next two...
ahead of the Brexit vote tonight (GBP) and michigan consumer sentiment (USD) GBPUSD technically presents a long opportunity, if fundamentals align could be a big move up on the ascending wedge. RSI points up and looks to have broken past 50 MA. Strong support annotated by solid red line