Eurusd/gbpusd - page 2279
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The euro lost some despite the negative US news.
Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.
Eur/Usd has just recovered the small bearish gap, I'm expecting the pair might continue it's upward trend as long as it's above the support level 1.1670.
EUR/USD continues consolidating around 1.1800. On the daily time-frame there's a spinning top candlestick at that level, which is a signal for indecision and not, necessarily, for a reversal. The indecision will probably continue until the fundamentals later this week.
GBP/USD bounced off from 1.3340 and is currently testing the support at 1.3155. A breakout below that level will likely lead to a drop towards 1.3090, which is the (MA)89 indicator on the daily time-frame. On the other hand, if it bounces off from 1.3155 it could rally back to 1.3250.
EUR/USD almost reached 1.1800 and it's still very bullish for now. A breakout above 1.1800 will probably lead to a rally to 1.1870.
Very tricky to trade lately. I'm still expecting the bullish rally to continue.
Very tricky to trade lately. I'm still expecting the bullish rally to continue.
So do I. It broke out above 1.1800, a breakout above the last high at 1.1880 will likely lead to a further move up to 1.2000.
GBP/USD bounced off yet again from the (MA)89 indicator on the daily time-frame at 1.3090. That said, it's doubtful it will break out above 1.3200 before the market closes for this week.
Gbp/Usd is neutral, showing no clear directional strength for now. Market continue to focus on any further Brexit development and we have UK GDP this week too.