Failing on the break….

gregmikefx

GregMike-05263

The EURUSD triggered stops above the 1.4932 level moving to a high of 1.4946, but  could not sustain the upside.  The move back below 1.4932 is a disappointment and we are seeing it in the price action (down to 1.4910 level). Resistance back in play from 1.4920 to 1.4932. Support at 1.4897 now.

GregMike-05264

The GBPUSD also  is back down after moving to a new move high of 1.5999.  The price has moved back down to the 100 bar MA support at 1.5972.  Watch this level  A move below would not be good for the pair.


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  • Lydia IdemLydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. (more)

    You can follow Lydia on Twitter and StockTwits

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