Market Watch

EURGBP (SELL) - The pair has turned back to the monthly overbought level and although MACD is already over the zero line, but we still think it a chance to sell - We covered our short positions and are now holding at 0.82839, 0.80087 and 0.79176.

EURJPY (BUY) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy - Yesterday we closed some of our positions and took a profit of 65 pips. We are now holding at 121.9238.

EURNZD (SELL) - This pair has a rebound from the April low and will go down eventually, so we decide to sell it again - We are now holding at 1.57374.

GBPCHF (BUY) - This pair has the monthly STOC near the oversold level from April and MACD at the extreme on the underside, so this is a chance to buy it - Yesterday we closed some of our positions and took a profit of 39 pips. We are holding at 1.32411.

(Charts: Forex Trader)

Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and damage which may arise directly or indirectly from the content of these and future articles.