The fundamentals yesterday pushed the pair to the upside and it bounced
off from the support at 1.0500. If there is a breakout above 1.0570 the
retracement could continue towards 1.0620, which is the (MA)89 indicator
on the four-hour time-frame.
EUR/USD had a relatively uneventful week with price consolidating around 1.05-1.06 levels. The pair is now 1.0578 in a calm and low volume environment.
EUR/USD is quite undecided at the moment but it will likely test
1.0620 again soon. If it does break out above that level it will likely
reach at least 1.0700.
The bottom below last week lows has been bought, while the 1.0680 level (last week highs) is calling, eu can become bearish again soon.
Congrats to those who bought at 1.0500!
Greetings.
GBP/USD - Shows some signs for possible rising. Most likely later today the price may hit 1.2460.
Greetings,
EUR/USD - Looks a bit bullish for today. Pin bar and rebound from mid support on 4H may direct the movement to the yesterday's high at 1.0630.