EURUSD GBPUSD Analysis

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EURUSD GBPUSD Analysis – EUR/USD will correct up after ECB inflation statement – TDS

Our Analysis:

  • While the price is below 1.1950, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1845
  • Take Profit 1: 1.1700
  • Take Profit 2: 1.1600

Alternative scenario:

  • If the level 1.1950 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1950
  • Take Profit 1: 1.2050
  • Take Profit 2: 1.2095

EUR/USD Intraday: intraday support around 1.1825.

  • Pivot:1.1825
  • Our preference:Long positions above 1.1825 with targets at 1.1850 & 1.1865 in extension.
  • Alternative scenario:Below 1.1825 look for further downside with 1.1810 & 1.1795 as targets.
  • Comment:Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EURUSD GBPUSD Analysis – GBP/USD trades below 1.3800 after UK GDP fell to 0.8% in May.

Our Analysis:

  • While the price is below 1.4000, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3791
  • Take Profit 1: 1.3670
  • Take Profit 2: 1.3540

Alternative scenario:

  • If the level 1.4000 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4000
  • Take Profit 1: 1.4090
  • Take Profit 2: 1.4240

GBP/USD Intraday: rebound expected.

  • Pivot:1.3755
  • Our preference:Long positions above 1.3755 with targets at 1.3795 & 1.3815 in extension.
  • Alternative scenario:Below 1.3755 look for further downside with 1.3740 & 1.3720 as targets.
  • Comment:A support base at 1.3755 has formed and has allowed for a temporary stabilisation.

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