Eurusd/gbpusd - page 2273
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Good rally on the EURUSD, but there may be some profit taking towards the end of this week due to the fact that the daily candle has left a long upper shadow, indicating a possible correction.
EUR/USD continues retracing after bouncing off from 1.2070. What is more, the pair has formed a shooting star candlestick on the daily time-frame at that level, which is a signal for a further move to the downside, likely towards 1.1830 - 1.1800.
The GBPUSD is consolidating just above the 1.2900 level, without taking a clear direction. There is no trend until it breaks above the 1.3000 level or below the 1.2800 level.
EUR/USD bounced off from 1.1820 after finding some support there. The pair will likely consolidate until the fundamentals tomorrow.
The NFP did mess up the pair's movement today.
Brexit negotiations are showing ''no progress'', so does Pound. The pair is consolidating around 1.2950/60, no clear directional strength.
We have ECB monetary meeting this week, and TNorth Korea started weigh in, risk turn to the downside.
EUR/USD continues consolidating sideways. That said, there is a very impressive shooting star candlestick at 1.2070 on the weekly time-frame, so a new move to the downside is quite likely.
GBP/USD moved to the upside today and finally reached the resistance at 1.3030. A breakout above that level could lead to another rally to 1.3100.
GBP/USD reached a high at 1.3080 before it bounced off from that level and formed a shooting star candlestick on the four-hour time-frame. If the signal for a move to the downside is valid there will likely be a drop to 1.2900.