EURUSD

EURUSD closed @ 12475 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader’s Sup Zone 1.

The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined.
Hourly Trend is Sideways Up while 12335 holds and Daily Trend is Sideways while 12585 holds, so expect the Price to be Choppy with a potential to Break Higher.

The Daily Closed well above the Open and near the high and out of the Range and we believe that the Bulls are in control. The Patterns are suggesting higher highs are expected but Cautious approach is needed. The Hourly suggests that the Bulls may march towards a price target 12545/12615-45 levels and must protect the 12420/12385 levels at all times to support our bullish view. The 15min is suggesting that we may be in wave 3 and the downside may be limited to 12425/12385 levels and the high is yet to be seen. The Opening Price Principle suggests that while the 12335 levels are protected we may get an upward push, so trade with the PT strategy when the Price breaks out of Zone 2 levels.

BULLS: 12430 12385 12335 BEARS: 12545 12605 12645

Today’s Strategies: LONG near 12430 12385 with a tight stop with a 50-80 pips price target.

GBPUSD

GBPUSD closed @ 15785 which was ABOVE the open and breached the previous day’s high. The High was 25 pips from Precise Trader’s Res Tgt 2 and the Low was 25 pips from Precise Trader’s Sup Zone 1.
The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined.
Hourly Trend is Sideways Up while 15630 holds and Daily Trend is Sideways while 15975 holds, so expect the Price to be Choppy with a potential to Break Higher.

The Daily Closed well above the Open and near the High. The Patterns are suggesting higher highs are expected but Cautious approach is needed.
The Hourly looks like we may see the Bulls attempt for a price target of 15845/15915-75 levels and 15740-05 levels should be protected to maintain our bullish view.
The 15min is suggesting that we may be in wave 3 or c which indicates that high is not seen yet but Cautious approach is needed. The Opening Price Principle suggests that the Bulls need to protect 15700 level, so trade with the PT strategy when the Price breaks out of Zone 2 levels.

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USDCHF

USDCHF closed @ 9630 which was BELOW the open and breached the previous day’s low. The High was 20 pips from Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Zone 5 (U Turn Zone).
The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9750 holds and Daily Trend is Sideways while 9975 holds, so expect the Price to be Choppy with a potential to Break Lower.

The Daily Closed below the Open and near the low. The Patterns are suggesting lower lows are expected but Cautious approach is needed.
The Hourly is suggesting that the Bears may march towards 9545/9495 levels and must protect the 9695/9735 levels at all times to support the Bearish view.
The 15min is suggesting that we may be in wave 3 or c which suggests that the low is not seen yet. The Opening Price Principle suggests that the Bears must protect 9735-65 levels, so trade with the PT strategy when the Price breaks out of Zone 2 levels .

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Today’s Strategies: Get the full report by visiting Precise Trader for a Free Trial.