GBP - BULLISH
1️⃣ Hopes of a Brexit breakthrough, as both the UK and the EU pledged to reach an agreement on their future relationship by October 15th, or to abandon the negotiations if that does not happen.
2️⃣ The risk-on mood undermined the safe-haven USD.
USD - BEARISH
1️⃣ Investors' risk appetite improved amid renewed hopes of further stimulus in the US. Earlier in the week, President Trump urged the Congress to pass a new coronavirus aid bill to support airlines and companies and fund the Paycheck Protection Program.
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TECHNICAL
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- We're looking to long this pair on RBS level + fibo retracement 61.8% on H1 chart.
- GBPUSD in bullish zone.
1️⃣ Hopes of a Brexit breakthrough, as both the UK and the EU pledged to reach an agreement on their future relationship by October 15th, or to abandon the negotiations if that does not happen.
2️⃣ The risk-on mood undermined the safe-haven USD.
USD - BEARISH
1️⃣ Investors' risk appetite improved amid renewed hopes of further stimulus in the US. Earlier in the week, President Trump urged the Congress to pass a new coronavirus aid bill to support airlines and companies and fund the Paycheck Protection Program.
=====
TECHNICAL
=====
- We're looking to long this pair on RBS level + fibo retracement 61.8% on H1 chart.
- GBPUSD in bullish zone.