GBP/USD reached a high at 1.3080 before it
bounced off from that level and formed a shooting star candlestick on
the four-hour time-frame. If the signal for a move to the downside is
valid there will likely be a drop to 1.2900.
Interest rate unchanged. Let's see how Draghi moves the market in 20 mins.
EUR/USD failed to break out above 1.2070 again. The pair still seems quite bullish though, so there might be another move to the upside.
EUR/USD rallied again today and formed a new high
at 1.2090. Clearly the bullish trend is not over yet and there will
likely be a breakout above 1.2100.
While Gbp/Usd the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking could hold back the gains this week.
Market still fear on how Hurricans would affect the Dollar, I'm expecting Eur/Usd would extend its gain afer the correction movement. Resistance can be found around 1.2090/1.2100 zone.
Hovering around 1.20, interesting to see what the week brings, a lot of fundamentals ahead.