Yesterday was another quiet trading day in the summer markets. The euro’s upward movement towards 1.12 provided bullish traders a small profit, whereas the cable lacked direction and traded sideways roughly between 1.31 and 1.30. Sterling traders should now wait for a sustained break above 1.31 to buy or, respectively, a break below 1.2990 and 1.2950 to sell pounds.
The euro flirted with the 1.12-level but proved unable to overcome the recent resistance level at 1.1190. Euro bulls would need to push the currency pair above 1.1220 in order to increase the chances of further upside momentum towards 1.1250 and 1.13.
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We will leave for summer holiday from 17/07/2015 till 31/07/2015. During this time we will not provide our daily signal service.
We wish everyone a beautiful and enjoyable summer.
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...