Eurusd/gbpusd - page 2277

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The Euro recovered a quarter from it lost. Hopefully the week ahead will bring more.

 
Unless EUR/USD breaks out above 1.2090 next week the wide consolidation will probably continue forming between that resistance and 1.1800.
 
GBP/USD tested the support at 1.3340 - 1.3350 and bounced off from it again, forming a double bottom - a further signal for a new move to the upside.
 

Gbp/Usd is consolidating lower, upside seems limited to 1.3660 level. Brexit talks still lack of progress, eyes turn to UK PMI this week.

 

Euro continue to trade lower due to Spanish votes, the pair has found support aroung 1.1720/15 zone. Direction of this pair depend on the outcome and UK PMI data.

 

So much about that double bottom at 1.3340 - 1.3350, GBP/USD is still very bearish. It could even fall to 1.3200.

 
GBP/USD reached a low at 1.3220 and began a sideways consolidation. Later this week there will be major fundamentals, so the pair will likely continue consolidating until then.
 

GBP/USD will likely climb to 1.3300, which is the (MA)89 indicator on the one-hour time-frame. That said, a breakout above that resistance is unlikely before the fundamentals later this week. Consolidation continues for now.

 

EUR/USD bounced off from 1.1700 and formed a spinning top candlestick on the daily time-frame at that level, suggesting indecision on the market. Like GBP/USD the pair will likely continue consolidating until the fundamentals on Friday.

 
EUR/USD is trying to break out below 1.1700 but even if it succeeds it likely won't fall below the support at 1.1640 which is the (MA)89 indicator on the daily time-frame before the fundamentals tomorrow.
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