Analysis for 19 August 2014

EUR/USD

Yesterday the USD was stable below the 1.34. Today are any data expected to suppert tje EUR, but a lot of data from the US are comming at 08:30 a.m. The forecasts are maily slight positive, so there could be a further suppert for the USD.

Long: > 1,3374
S/L: 25 Pips
TP: 40Pips
Trailing Stop: 25 Pips

Short: < 1,3350
S/L: 25 Pips
TP: 30 Pips
Trailing Stop: 25 Pips

GBP/USD

For the GBP a lot of data are coming at 04:30 a.m., but the forecasts are slightly negativ By the expected positive US data, its possible the USD gets some of his yesterdays loss back.

Long: > 1,6744
S/L: 25 Pips
TP: 35Pips
Trailing Stop: 25 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style. Also be reminded at the possibility to take part of the benefits in a positive trade.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.