The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
GBP/USD: pound returned to SSB
Technical levels: support – 1.3770; resistance – 1.3900.
- Sell — 1.3880; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
- Buy — 1.3920; SL — 1.3900; TP1 — 1.3990; TP2 — 1.4040.
Reason: bearish Ichimoku Cloud with rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are in the negative area and had returned to SSB’s resistance.
The sideways trading of USD/CAD may be finally over after the meeting of the Bank of Canada at 17:00 MT time.
Things in the economic world seem to be getting better. Is it better for the USD as well?