The EURUSD dropped on Friday and it seems like it wants to go back to its bearish trend, but it has to break below the 1.0519 level in order for the bearish trend to resume.
fxstrategist:
The EURUSD dropped on Friday and it seems like it wants to go back to its bearish trend, but it has to break below the 1.0519 level in order for the bearish trend to resume.
Next week would be choppy, but the pair well within negative territory.
EUR/USD is stuck in a tight range between 1.0600 and 1.0630. A breakout below the support will likely lead to a further move to the downside towards 1.0560 - 1.0550.
EUR/USD has almost reached the previous low at 1.0520. At that level it will likely either form a double bottom and bounce off from it to start another move to the upside, or break below it and continue falling towards 1.0450.
Gbpusd has figured on bullish pattern, but on daily still move on range movement and now pair already on resistance again, waiting on break high or second scenario will move again on lower daily
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The EURUSD dropped on Friday and it seems like it wants to go back to its bearish trend, but it has to break below the 1.0519 level in order for the bearish trend to resume.
GBP/USD - Just sitting on mid support 1.2445/55, but looks bearish in short term and I expect slight decline to 1.2415/20.
Eur/Usd is accelerating its decline, broke below 1.0520 level, testing 1.050/049 zone, next target would be around 1.0450 level.