GBP/USD: 'Double Top' led to decline
There's a 'V-Bottom', so we should watch the nearest resistance at 1.2634 - 1.2661 as an intraday target...
EUR/USD: 'Window' is acting as support
The Monday's 'Window' is acting as support, so it's likely to have a bullish 'Engulfing' pattern. In this case, the market is going to test the nearest resistance at 1.1363, which could be a starting point for a decline towards the next support at 1.1287.
There're bullish patterns such a 'Hammer' and an 'Engulfing'. Thus, we should keep an eye on the closest resistance at 1.1363 as an intraday target. If a pullback from this level forms next, there'll be a green light for another decline in the direction of the lower 'Window' at 1.1287.
Galya Svetlova
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GBP/USD: another 'V-Top' pattern
The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...
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