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GBP/USD - Week 51 - Consolidation period
GBPUSD
, 240
Short
GBPUSD: GBP/USD - Week 51 - Consolidation period
Updated 

Good old Brexit! Negotiations for a deal between the EU and UK are continuing and this could create a lot of volatility for this pair. Another important aspect that can affect the pair is the fact that UK is in another lockdown for the Christmas period with Covid-19 case rates nearly doubling in London over the past week. From a technical point of view, we expect...

EUR/USD - Week 51 - Consolidation Period
EURUSD
, 240
Short
EURUSD: EUR/USD - Week 51 - Consolidation Period
Updated 

EUR/USD is in a big weekly bullish trend and we expect the market to go in a deeper consolidation before resuming the uptrend. We are making continuous higher-highs and the price is starting to lose momentum. This is a sign that the trend is getting exhausted and the market is expected to correct at any point. This week the US Bureau of Economic Analysis will...

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