Inital target of .9740 was achieved last night and even registered lows of .9726. I was able to take advantage of this drop by buying at .9738 which was just 12 points above the low although my limit order was hit after a few hours limiting the profit. I bought another after .9825 was broken then liquidated it as well. EURUSD right now is moving up closing very high from the lows signalling a probable reversal. We will attempt to sell at .9900 levels with tight stop loss above .9910 as a break will re-test .9950. Update!!! Change the sell order to .9891.
GBPUSD has broken through 1.5557 level and registered a low of 1.5471, and opening the door to 1.5435 level. One concern though, is the high close of the day from the lows. This might indicate a run up to 1.5740, the previous significant high. It is still far from the current rates (1.5632), but we will attempt to sell at 1.5740. Stop loss would be placed just above. Update!!! Buy at 1.5570.