Exponential cash flow, volume should be high all week, you always have to be carefully the first week of the month before Fridays non-farm numbers, but this week has multiable HIGH volume fundamental releases, more than I've seen in a long time! Remember to trade with the trend.
Sterling I would say, tested 1.6000 well, hitting 1.6150 friday morning, 11:00 A.M. Going into this week, lets keep it simple!, unless the Fed. raises Rates!!, this Wedensday Sterling will continue to be bullish, well if you want to mid-range target point, 1.6250, why note be technical, anyway support for Sterling:
Support 1.6115, Sterling closed Friday, at 1.6126 Sterling is bullish technical across major long, med & short time frames! An bullish Sterling hits, 1.6194, next level would be 1.6165, then 1.6146.
Sterling not finding support at 1.6115, well it would retrace too 1.6084, next level would be 1.6065 if bear move continues, Sterling could hit, 1.6036 before bullish volume increases.
Euro, I give target point also, if you didn't know Sterling and the Euro Pairs are what you call, "PARALLEL PAIRS", www.createspace.com/3597011 ok, support for bullish Euro: 1.4226, next level would be 1.4202 & then 1.4187....
If Euro doesn't found support at 1.4162, oh!! Euro closed at: 1.4156 Friday so that's close but technically bearish...... ok, next level is 1.4137 if trend continues bearish Euro will hit, 1.4122, down to a low of 1.4093 before bullish volume returns...
Trade with the trend...
Thank you for your time and have a great day.....
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