The euro climbed on Thursday’s following strong German data, though gains were capped before the release of Fed minutes later in the day.
Media reports that the European Central Bank may be preparing to raise interest rates by next September or October also helped the euro, though thin volumes were a factor, with U.S. markets shut overnight for Independence Day.
We’ve made some reshuffles in our trades.
This is how we trade now:
EUR/USD
Trading strategy: Long
Open: 1.1700
Target: 1.1830
Stop-loss: 1.1635 (lowered from 1.1810)
Recommended size: 2.50 mini lots per $10,000 in your account
Short analysis: We've closed our EUR/USD short and switched to long position at 1.1695. EUR/USD bulls seem poised to go higher, scope is growing for gains towards at key 1.1755 Fibonacci level, 23.6% retrace of the 1.2555 to 1.1508 2018 fall. Fourteen-day momentum has turned positive, reinforcing the overall upside bias.
GBP/USD
Trading strategy: Long
Open: 1.3255
Target: 1.3415
Stop-loss: 1.3175
Recommended size: 1.88 mini lots per $10,000 in your account
Short analysis: Wednesday’s close above a daily channel top suggest that momentum is turning bullish. We opened long at 1.3255.
USD/JPY
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: USD/JPY will likely remain capped by the 30-day upper bollinger-band, which is currently at 111.13. Overall scope is for an eventual breakdown below the 200-day MA now at 110.16 and the 30-day MA now at 110.02.
USD/CAD
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: USD/CAD resumes downtrend as USD is sold off broadly. Pair finding support just below 1.3150, last 3-days low 1.3131, 1.3140 and 1.3133 today. A break below recent triple bottom area (1.3131, 1.3140 and 1.3133) eyes 1.3100 big figure support and lower 21-d Bolli at 1.3082.
AUD/USD
Trading strategy: Short
Open: 0.7410
Target: 0.7170
Stop-loss: 0.7410 (lowered from 0.7530)
Recommended size: 1.25 mini lots per $10,000 in your account
Short analysis: We've lowered our stop-loss to 0.7410 here to make the trade risk-free, as we see an increasing likelihood of a recovery.
EUR/GBP
Trading strategy: Long
Open: 0.8820
Target: 0.8910
Stop-loss: 0.8775
Recommended size: 2.51 mini lots per $10,000 in your account
Short analysis: We see a bounce off 0.8801 21-day MA into the Wednesday’s close and early Thursday’s rally to 0.8835. In our opinion an upward move is more likely scenario now. We opened long at 0.8820. 
Trading ideas by MyFXspot.com