Eurusd/gbpusd - page 2252

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GBP/USD moved sharply to the upside after the fundmentals yesterday and reached a new high at 1.2900. It's currently consolidating sideways, but it's possible the move to the upside is not over yet.
 

EURUSD Monthly & Weekly support and resistance


 
EUR/USD continues moving to the upside and it is about to test the resistance at 1.0780 again. The question is whether it will break out above that level and continue rising towards 1.0830 - 1.0850 or form a double top and bounce off from that resistance.
 
EUR/USD formed a double top at 1.0780 on the one-hour time-frame and bounced off from that level. What is more, the pair has also formed a great shooting star candlestick on the daily time-frame. The closest target is 1.0670, but it will likely continue falling below that level.
 
EUR/USD appears to be hesitating around the 1.06 level. Interesting to see how the week develops. I'm expecting a move up.
 
It seems consolidation continues, the pair stay within the range between 1.2750 to 1.2860. In order to further gains, Pound needs to break above 1.29 level.
 
A huge gap up, Eur/Usd has skyrocketed above 1.09 level, even though it has dropped back to 1.087, but the gap still intact, focus stay on second round French election.
 
After EUR/USD retraced back to 1.0820, only partially recovering the bullish gap, it formed a hanging man candlestick and a doji candlestick on the four-hour time-frame at 1.0880, so a further move to the downside is possible.
 

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gbp

 
Cable is holding around 1.2800 level, the pair is consolidating in a narrow range between 1.2755 to 1.2860 while still remain in the positive territory. Any break out would confirm clear direction.
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