Well, both euro and cable are looking bullish and as far as I’m concerned we’re at the 1,37 and 1,52 level I was looking for last week.

A word of caution, don’t forget to keep the longer-term trend in mind, despite this bullish push up, we are still in a market bearish trend and that is why we will have to decide if we want to wait for failures to enter short again or play shorter-term longs into the bigger short set-ups…

I will reassess the strategy if we get a clear break of 1,3730s for euro and 1,5230s for cable as this could imply another 100+ pip move up.

As usual, trust your charts, do your analysis and stay safe 😉