GBP/USD: 'V-Top' pattern points to decline
We should keep an eye on the 34 MA as an intraday target. A pullback from this line could be a departure point for...
EUR/USD close to finish a correction
EUR/USD is currently performing a corrective move from last week’s highs, as part of the bullish bias developed after a strong rebound around the 200 SMA at H1 chart. The pair is looking for the demand zone between the 1.1282 and 1.1233 levels, where is located a key rebound area, according to our Fibonacci retracement projection. If it resumes the bullish bias around those levels, the spot could be looking for the 1.1523 level (-23.6% Fibonacci retracement zone).
RSI indicator continues to favor the bearish bias in the short-term, as it remains in the negative territory.
Felipe Erazo
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