- During the Asian session, the EURUSD pair was generally calm and oscillated around the 1.09000 levels.
- During the Asian session, GBPUSD pulled back from 1.24000 levels.
EURUSD chart analysis
During the Asian session, the EURUSD pair was generally calm and oscillated around the 1.09000 levels. We saw a minor pullback to the 1.08600 level, followed by some bullish momentum that brought us back towards the 1.09000 level. To continue the bullish option, we need positive consolidation and a move towards the 1.09200 area from above.
If we could move above, then we have a good opportunity to continue the growth of EURUSD. The highest potential targets are the 1.095000 and 1.10000 levels. We need negative consolidation and a drop to the 1.08500 support zone for a bearish option. A break below would mean that we could expect to see a continuation of the bearish option.
GBPUSD chart analysis
During the Asian session, GBPUSD pulled back from 1.24000 levels. The pound fell towards the 1.23600 level this morning, where we have some support for now. We need a positive consolidation to start a new bullish scenario. We then have to go back to the 1.24000 resistance level and try to break above. After that, we could expect GBPUSD to continue to rise.
The highest potential targets are the 1.24500 and 1.25000 levels. We need negative consolidation and a drop below the 1.23500 level for a bearish option. After that, we would go down to the 1.22500-1.23500 potential move low zone.
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