I am posting my this week analysis for EURO and Pound below:
EURO:
Euro has been holding the rising trendline and is still very much in an uptrend, but it has been erratic and can remain so. Only a break and close below 1.3050 on 4HR basis will warrant a change of trend with initial target to 1.2850. I am looking for it to continue its uptrend which has a target of 1.3350 initially.
http://i28.photobucket.com/albums/c2...ps475689fd.jpg
POUND:
As for GBP we hit my target of 1.56 this week and had a retrace of 100 pips lower from there. Looking ahead we continue to remain in the rising channel with no damage to its structural integrity. Continue to long on dips rather than trying to find a top.
http://i28.photobucket.com/albums/c2...ps2e0a101f.jpg