Possible Beneficial trades for the day 08.06.2015

Main currency pairs today are making retracing movements, which are still in control, thus giving us better places to enter the market.

EUR/USD reached the resistance of 1.1179, which served as past support. 1.1170-79 are the middle of a bearish bar, which additionally stimulates the resistance power. However CCI is still below 0, meaning the currency pair is still being shorted, despite the retracement. Currently I am waiting for a signal for a new short impulse , in order to enter the market. The indicator I am looking out for is Stoch, below 70 and stop at 1.1180. Furthermore good fundamental data about the US Dollar supports the short position.

DAX 30 penetrated the daily support at 11172, which hints the expectations are still negative. Currently I am waiting for a sell price somewhere around 11150 with S/L of 40 pips.

GBP/USD- downward trend, the price reached support levels, formed by a Moving Average 25. It was not able to penetrate it and it went below the Moving Average 13. On an hourly graphic RSI went again in the middle- 50 and stoch gives us negative signal, which dictates for a downward impulse, supporting the downward trend. Possible sell at 1.5276 and S/L at 1.5310.