In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 18th session.
EUR/USD — The euro got hammered on Friday session. This was due to headlines on stimulus in the US. The 1.20 level could be the next support. Hence, pullbacks are buying opportunities at the moment.
GBP/USD — The area below the 1.35 level is supportive. The market could slowly grind towards the upside. This market was previously influenced by headlines on Brexit. Now, it is influenced by the headlines on lockdown and the vaccine for coronavirus.