EUR and JPY plans Aug 11

EUR

Daily lower high may be forming

4H up, change at 1.161

1H sideways coiling in symmetrical triangle

Scenarios:

  • Daily resistance at 1.175, low reward with buying at this level
  • Wait for 4H trend change before considering selling

USDJPY

Daily up

4H up

Scenario:

  • In long position, move stop up accordingly