As of this text being written, Sterling is at 1.5727, hitting 1.5792 this morning. The Euro is at, 1.3785, ok letts recap because I haven't posted in a week and we have had major fundamental events Friday and today. First Friday payroll number were poor again bullish day for Sterling and Euro. The Sterling was at 1.5551 at the release and went up too 1.5644 by 10:30 A.M. Sterling did retrace as most fundamental trades do, too 1.5557 by the close.
Since Sunday, 6th, Sterling open at 1.5555 and has been bullish so fair this week, to Wedensday the 12th fundamentally the FOMC release was the High status, but the Sterling went on a bullish run before the release starting at 12:00 A.M. est. the Sterling was at 1.5565 and by 10:15 A.M. est. it hit, 1.5792!
Greenback fundamentals are weaker, bullish Sterling should continue, Euro also.
Ok, Sterling for Thursday if bullish trend continues it should hit, 1.5845 - 1.5900+ needs to stay or hold a support of 1.5689. Breaking below 1.5689 it could drop too 1.5594, a weaker support would be 1.5533, weaker than that, 1.5443.
Possible HIGH volume this morning for Euro, (4:00 A.M. est., fundamental release).
Thank you for your time and have a great day...
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