mdtforex
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EUR/USD
We will remain bearish below 1.3060. Anticipate strong support in the 1.2807- 1.2819 area, which could possibly lead to a short term bounce.Any upside movement from the 1.2807 level could possibly be capped in the 1.2954 to 1.3004 area. Upon a break below 1.2807, anticipate downward movement to 1.2708, 1.2613, and 1.2561.
GBP/USD
We will remain bearish below 1.4182. A break below 1.3711 could lead to continued selling pressure to test 1.3497 and 1.3133 respectively. A move above 1.4182 would negate the bearish outlook and possibly lead to further upside movement to 1.4289 and 1.4428.
We will remain bearish below 1.3060. Anticipate strong support in the 1.2807- 1.2819 area, which could possibly lead to a short term bounce.Any upside movement from the 1.2807 level could possibly be capped in the 1.2954 to 1.3004 area. Upon a break below 1.2807, anticipate downward movement to 1.2708, 1.2613, and 1.2561.
GBP/USD
We will remain bearish below 1.4182. A break below 1.3711 could lead to continued selling pressure to test 1.3497 and 1.3133 respectively. A move above 1.4182 would negate the bearish outlook and possibly lead to further upside movement to 1.4289 and 1.4428.
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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.