Trade Plan for September 27 thru Oct 1
EUR/USD
I look for price to react here at the 1.3500 level which is a 50% fib retrace on a weekly chart and also a weekly 21. This should merit a return to 1.3000 level. There will be hesitation at 1.333/30 level but should push through this. I actually look for price to break thru 1.3000 level but some consolidation should occur here. If price closes clearly above 1.3500 level then a push to 1.3600 is in the cards.
GPB/USD
Price will reach 1.588/90 level and will react off of a 38.2 fib retrace on weekly. There is a possibility it will advance to weekly 100 ema and double top at 1.600 level. If price breaks and closes convincingly above 1.600 it should reach 1.646/47 which is 1.272 fib extension of the rise. On the way up price will respect the 100ema on the weekly and the 23.6 fib retrace at 1.625 level.
EUR/GBP
Price appears to have picked up more sellers at this level and return to the .8500 level 4hr 21 and will channel here for a while. I see it falling more then to the .84700 minor support level and then on to .8400 area 4hr 100 and daily 21 and 50% fib of the rise. This area will be critical and price will consolidate here for awhile.
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