My main pair for next week will be EURUSD again. Friday close was around 870. On monday/tuesday, I expect a push towards 910-915 minimum, that might be the first hurdle on the way up, but that is my first and easiest target. If broken and safely above, 950-960 would be the second target. I won’t trade after that most probably and just wait what happens next. I can see 1020-30 next week, too, but won’t trade towards it, 960 will be enough. For swing traders, who trade into 1050-80, a SL of 790 is good enough.
EURGBP is bottoming strongly in smaller time frames, so a spike up is very likely. With a SL below last week’s low, which was 8681, we should re-test 8770, at least. Up to 8830 maybe. With a SL just 10-20 pips below 8681 and a target of 80-120 pips, the profit/risk ratio is very good. So not a good week for hardcore bears, even though my medium term target is 8300-8400, but until the current low is broken, a spike up is more likely than further down at this point.
And lastly EURJPY. Since I am expecting a push up in euro and eurjpy is bottoming on both small and medium term time frames, a spike up towards 117.70-90, is very likely. SL is easy to set, below this month’s low, either 116.30 or a safer one at 115.90.