Eurusd/gbpusd - page 2260

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138K, i like to think that the USD bearish trend has started.
 
A small gap down, Cable trading almost flat below 1.29 level. All eyes on Election this week.
 
While Dollar is still in its weakness, Eur/Usd seems have more room on the upside, we are looking at ECB's monetary policy meeting on Thursday. Key resistance level can be located at 1.1300 level.
 
EUR/USD bounced off from 1.1284 after forming a doji candlestick and a shooting star candlestick at that level on the four-hour time-frame. Currently the pair is testing the support at 1.1235, a breakout below that level will probably lead to a further move to the downside towards 1.1160, which is the (MA)89 indicator on the four-hour time-frame again.
 
GBP/USD moved to the upside again today and reached a new high at 1.2940 before it bounced off that level. Should it break out above that high it could continue rallying towards 1.3000.
 
EUR/USD is consolidating above the support at 1.1235 - 1.1240 which coincides with the (MA)89 indicator on the one-hour time-frame and it may continue doing so until the fundamentals on Thursday.
 
EUR/USD bounced off from 1.1284 again and is quite bearish at the moment, next target is likely at 1.1180, which is the (MA)89 indicator on the four-hour time-frame. That said, there likely won't be new major development before the fundamentals tomorrow.
 

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