Our EUR/USD short is in progress now and a close below 1.1623 would open the way to stronger drop. We have lowered stop-loss to the entry point on this trade. We expect continuation of GBP/USD fall as imminent Brexit talks and doubts the Bank of England will raise interest rates this year darkened the outlook for the currency.
This is how MyFXspot.com trades now:
EUR/USD
Trading strategy: Short
Open: 1.1710
Target: 1.1510
Stop-loss: 1.1710 (lowered from 1.1810)
Recommended size: 1.50 mini lots per $10,000 in your account
Short analysis: Tuesday stopped a three-day bull run and put our 1.1710 short play in the money. A pick up in bearish momentum and a bear cross on stochs confirm the price turn. Ac close below 10-day ma (1.1623) would strengthen the bear case further. We have lowered stop-loss to the entry level.
GBP/USD
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: Tuesday gains were capped by the 21-day MA, 1.3292 and subsequent bear close suggests continuation of downward move. Bear cross on stochs and increased bearish momentum add further weight to the downside.
USD/JPY
Trading strategy: Short
Open: 109.90
Target: 107.70
Stop-loss: 111.00
Recommended size: 1.49 mini lots per $10,000 in your account
Short analysis: USD/JPY is struggling to make any progress into the daily cloud. Downside rejections at the 55-day MA, 109.45, triggered Monday-Tuesday rebounds into closes above the cloud. The market is now trapped between cloud top and 200-day MA
USD/CAD
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: Odds for July BoC rate hike hover around 50%, keeping USD/CAD from propelling higher. But uncertainty over trade tensions is the main risk for this pair. We stan aside.
AUD/USD
Trading strategy: Sell
Open: 0.7410
Target: -
Stop-loss: 0.7530
Recommended size: 1.25 mini lots per $10,000 in your account
Short analysis: Monthly RSI is biased down and a bearish outside candle is in place on monthly charts. We are looking for the long-term bear trend to resume. We keep our sell order at 0.7410.
EUR/GBP
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: Repeated 200-day MA failures early in the month and again Monday concern EUR/GBP bears. We are waiting for stronger signals before opening a new position here. 
Trading ideas by MyFXspot.com