EUR/USD: 'Pennant' led to a new local high

EUR/USD: 'Pennant' led to a new local high


The last 'Pennant' led to a new local high, but there's a 'V-Top', so we could have a correction soon. The main intraday target is the 89 Moving Average. If a pullback from this line happens next, there'll be a moment for another upward price movement.


We've got a 'V-Top', so there's an opportunity to have a local bearish correction. Meanwhile, if a pullback from the closest support at 1.1574 forms little later on, bulls will probably try to reach another resistance at 1.1661 - 1.1679.



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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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