No clear direction going into the week ahead... Will sit tight, watch Monday and Tuesday before taking action... bullish continuation or not...
Kindly, lets see.
Derived from the somewhat correlated nature of the EURUSD to the GBPUSD
Current level of resistance is 1.41993 (current buying objective)
Previous resistance 1.36318, now support. Price aiming for 1.41993.
Mid-term resistance level: 1.50186
Long-term resistance levels are 1.71051 and 1.99095
Mid-term and long-term levels will hold provided price breaks through...
The EURUSD broke out to the previous resistance level of 1.16317
The next resistance level is 1.22147. weaknesses and instability in the US Economy and its involvement in the Iran-Israeli war, which has resulted in uncertainty (geopolitical risk) among investors.
A Bullish flag pattern on the Daily Timeframe confirmed the break from the previous support, and...
