[Video] EUR/USD and GBP/USD Forecast — January 15th 2020


Staff member
Nov 30, 2008
In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 15th session.

EUR/USD — The market saw a sideways price action on Tuesday. The market is moving sideways between the 50-day EMA and the 2990day EMA at the moment. Hence, choppiness is going to dominate this market at the moment. To the upside, the 1.12 is the resistance barrier. To the downside, the 1.10 level is where you can expect buyers to step into the market.

GBP/USD — The week has began with the market gapping lower. A break above this gap is a bullish sign and you can expect the market to go higher. The market is just trading at the area above the top of the bullish flag pattern. The 1.39 level looks supportive. So, pullbacks are still seen as buying opportunities at the moment.

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Post tags: EUR/USD, GBP./USD, technical analysis

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