Eurusd/gbpusd - page 2270
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This past week the Euro did not do much, maybe a correction is ahead.
The fundamentals did push EUR/USD to the upside today, not to mention that the pair formed a pair of hammer candlesticks at 1.1700 on the daily time-frame before the rally. That said, the continuation of the bullish trend will be confirmed if the pair breaks out above the previous high at 1.1910.
Gbp/Usd is consolidating around 1.30 level, showing no clear directional strength. Focus turn to UK inflation data on Tuesday.
Eur/Usd seems consolidating in the positive territory, limited upward strength due to low volume, I'm expecting bullish trend continues next week.
Eur/Usd is struggling regain 1.18 level, but downside seems limited. Maybe a chance to buy.
EUR/USD bounced off from 1.1850 and moved to the downside again. Should the pair break out below 1.1775 the next target is likely at 1.1700.
EUR/USD tested the support at 1.1690 - 1.1700 once again and although it has bounced off from those levels for now a breakout could lead to another move to the downside towards 1.1650.
Amazing drop on the GBPUSD after the weak inflation numbers out of the UK. The pair has dropped to the 200 day EMA zone, which could act as support, but a breakdown of that level could take the price to the 1.2800 level or the 1.2700 level.
EUR/USD continues consolidating around 1.1700 and that consolidation likely won't end before the major fundamentals a little later today.
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.