EUR/USD After a sharp drop of more than 200 pips on Friday, the pair is showing fresh bullish momentum, and it is now floating around 1.5830. The Slow Stochastic of the 4 hour chart is showing moderate bullish momentum, and the RSI confirms that the direction is indeed up. If the pair breached the 1.5850 level, the trend will be fully validated and another move is expected. Going long appears to be preferable. GBP/USD The narrowing channel on the daily chart has been breached, and the cable now rides the bullish momentum created in tha... ( read more )