Eurusd/gbpusd - page 2242

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Interesting to see how the next week unfolds.
 
EUR/USD is testing the support at 1.0710 which is the (MA)89 indicator on the four-hour time-frame. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0620.
 
EUR/USD is still very bearish and it broke below 1.0710 today. If it breaks out below 1.0620 it will likely continue falling towards the next support at 1.0570.
 
The pair bounced off 1.0640 and it could retrace back to 1.0710 - 1.0720 which from a support would have become a resistance level, before it continues moving to the downside.
 
EUR/USD did retrace to 1.0712 before moving to the downside once again. Currently the pair is quite undecided, but if the move to the downside continues the first target will likely be at 1.0600.
 
EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.
 
victoriajensen:
EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.
After President Trump's "phenomenal" tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.
 
There are no important data scheduled next week in Europe and US, focus stay on political headlines, another word: ''Trump''.
 
Between President Trump's "phenomenal" tax reform promise and much better-than-expected data from the UK last week, the pair bounced around 1.2500 level with downside limited to 1.2430.
 
EUR/USD is still testing the support at 1.0600, but I don't expect a breakout before the fundamentals later this week.
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