Video: Technical Thursday – EUR/USD Decline, EUR/GBP Reversal?

Thursday update of the high probability opportunities we looked at in the beginning of this week.

Click on the video to watch the technical breakdown

It has been a volatile and unclear August. That continues with many markets out of sync with each other.

Many charts look uncertain as the market spikes highs and lows. However, there are some opportunities, like EURUSD, that still reflect the overall technical weekly picture. Coupled with a strong Dollar, the probabilities can stack in your favour.

In this video we give you an update on this week’s charts and possible scenarios:

• EUR/USD – moving as expected
• Nas100 – Bearish reversal on Daily
• GBPJPY – inside a range of uncertainty
• GBPNZD – stuck in a range
• EURGBP – a higher timeframe reversal look likely
• Gold – unclear
• Crude Oil – counter-trend idea seems to continue

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn