Eurusd/gbpusd - page 2281
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Eur/Usd has entred another consolidation range between support 1.1570 and resistance 1.1650/60. The pair remains bearish long-term.
GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.
EUR/USD is consolidating above 1.1575 and it may soon test that level once again. A proper breakout probably won't occur before the fundamentals tomorrow and on Friday.
GBP/USD dropped sharply after the news that the Bank of England has hiked the interest rate from 0.25% to 0.50% but it still hasn't broken out below the support at 1.3030. The fundamentals tomorrow may give it the necessary push to do that.
The GBPUSD dropped from the 1.3300 zone to the 1.3050 level and it may try to fall to the 1.3000 level where we can find the 200 day EMA, which could act as a support. To the upside, the 1.3200 level could act as resistance.
The dollar went up despite the lower than expected Jobs report. Probably it will go below 1.15 next week.
While Eur/Usd remains bearish, short term looks neutral and lack of directional strength. Immediate support level can be found around 1.5720, further decline if the pair break below it.
Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength. 1.300 is key level, break below would gain strength to the downside.
EUR/USD bounced off from 1.1579 and it formed a double bottom around that level visible on the four-hour time-frame. There will likely be a new move to the upside towards 1.1670.
GBP/USD bounced off from 1.3030 again and the pair formed a double bottom at that level. There will likely be a new move to the upside towards 1.3300.