EUR/USD: market to reach the nearest resistance

EUR/USD: market to reach the nearest resistance

The main trend is still bearish, but there's a 'V-Bottom' pattern, which has been confirmed. In this case, it's likely that the market is going to reach the nearest important resistance at 1.1369 - 1.1406 in the coming days. If a pullback from this area happens afterwards, there'll be time for another decline. So, we should keep in mind the next support at 1.1257 - 1.1214 as a possible bearish target.

13-2-2019-EUR-USD-D.png

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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