Attached are the 15M charts of EURUSD and GBPUSD from today. The vertical line is the time when i had posted my outlook for EURUSD and GBPUSD in the morning. As you can see, all the support/resistance lines have been very well respected for today.
As i had mentioned in my outlook for EURUSD, today has been a down day and the next big support would come in at 1.3470. I dont think price would reverse in any great manner till we reach 1.3470.
As for GBPUSD, i had mentioned in the morning that we should expect a push towards 1.6160-6180 and then a move down. Which is exactly what we have had today. Price moved towards the resistance at 1.6160-80 and we have been moving down. To complete its daily range, it needs to move further down but i am close to the end of my trading day and so i am shutting shop. It may or may not reach 1.6080 but i do expect to see 1.6040 by end of tomorrow.
Before i go, i will let you in on a secret. You know how many pips i made in the fall of GBPUSD? 1 pip !! yes...1 pip...Though i had predicted the fall and though the price stuck to the exact levels that i had mentioned, i could make just 1 pip from the move. Thats the difference between a great analysis and a great trade :-))...I made 47 pips from 2 separate shorts on the EURUSD, thats a separate matter...:-)...
