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Eurusd/gbpusd - page 2258

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Cable continue it's consolidation, risk remains on the downside. On the upside, 1.3000 act as psychological resistance level and follow by 1.3120.
EUR/USD is consolidating sideways above 1.1175, the fundamentals in the next few hours and especially the FOMC meeting minutes release will likely have a major effect on the pair.

Eurusd still on range three daily candle, movement still around these area, not yet occured breakout

now on 1.1222 and possible still rebound again to down, but seems resistance area on 1.1256

The fundamentals finally pushed EUR/USD to break out above the sideways consolidation it had begun above the support at 1.1175, but the move to the upside was rather short-lived because it formed a spinning top candlestick on the four-hour time-frame at 1.1250 and started falling. Next target is likely at the support at 1.1175 again.
GBP/USD is stuck in a wide range between 1.3050 and 1.2925. So far there is no indication for a breakout, but the target to the downside should the pair fall below 1.2925 is likely 1.2850.
I think a correction will follow this week with potential target around 1.10.
Euro seems has lost its upside momentum against dollar, I'm expecting Eur/Usd continues its consolidation movement until this Friday Nonfarm Payrolls decide a new direction.
Cable showing strong bearish around 1.28 level, immediate support level can be found around 1.276/1.277.
EUR/USD formed a double bottom at 1.1160 before moving to the upside again. Next target is likely at 1.1200.
GBP/USD fell all the way to 1.2775 before it finally bounced off from that support after forming a hammer candlestick on the one-hour time-frame. Currently the pair is retracing and it will likely reach 1.2890 - 1.2900.
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