EUR/USD: 'Three Methods' pushed market lower
The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support...
GBP/USD: developing "Rectangle" pattern
The price is still consolidating between the levels 1.3652 - 1.3444. It seems like bears are going to test the next support at 1.3479 - 1.3444. However, if a pullback from this area happens later on, bulls will probably try to reach the nearest resistance at 1.3618 - 1.3625.
There's a possible developing "Rectangle" pattern, so the price is likely going to achieve the nearest support at 1.3444. Meanwhile, if we have a pullback from this level, we could have a bullish correction towards the closest resistance at 1.3618 - 1.3625.
Sergey Logachev
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