GBP/USD is expected to be further consolidated. The pair is testing 1.2800 support slots and traders can look for long positions. In the upward direction, 1.3000 becomes the upstream target when the rebound occurs. If the pair continues to decline, the 200-day moving average will be the level at which long positions are sought. Key levels to focus : Support:...
EUR/USD closed below 1.1120 with a bearish engulfing graph. The graph has not been confirmed, as long as it does not close below this graphical low, the currency pair has the possibility of going up. The pair can close between 1.1120 and 1.1185 in the following week, so it is expected to continue its upward trend. Key levels to focus Support: 1.1000, 1.0900...
GBP/USD: Fall back to trend line support Sterling/DOLLAR fell over the weekend, with the failure to hold a meaningful vote undermining sentiment that the Brexit bill would pass. Sterling slipped and fell again to the trend line support, suggesting that the pair might turn bullish and that the outlook would remain, unless it fell below 1.284.
EUR/USD (4 Hours) Starts to decline, but the recent upward trend remains unchanged The euro/dollar weakened in early trading today, breaking away from a strong period and hitting a two month high on Friday. The expectation of a near-term break of 1.1111 is that we may see further gains in the short term. So while we see some downtrend, this looks like a buying...