Analysis and strategy for week of Sep.27-Oct.1

The Euro and the Pound posted further gains against the dollar last week. The EURUSD had a bullish breakout from a bearish harami thus it confirmed the takeout of its prior high. The upside is still preferred targeting the 1.37-38 levels. The GBPUSD is heading for a restest of the 1.6000 level. I missed the pullback to 1.5500 now ready for the next pullback. The EURGBP is still stuggling to clear 0.8530 level. I am undecisive on this pair at the moment. Same with GBPCHF where the pair has failed to reach a new low due to the Sterling’s late strength.

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