EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
GBP/USD looking to make a strong rebound
GBP/USD has been very bearish since start of the week and looks forward to reach a demand zone established by our Fibonacci projections. As it remains below the 50 SMA at H4 chart, Cable is poised to do another leg lower towards the 1.3213 level, at which lies the 200 SMA and 50% Fibo zone. Around that area, we can expect a rebound to take place towards the -23.6% Fibo level at 1.3863.
RSI indicator is in the oversold territory.
Felipe Erazo
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Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
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There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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