Forex Videos

Watch the latest analysis of the GBP/USD, EUR/USD Forex pairs for the upcoming August 27th session in this video. GBP/USD — Thursday session saw a Shooting star candlestick on the daily chart and it broke down to test the 1.58 level which was a massive breakout point. Now this pair has closed above the 1.58 level. We need to find out whether this is support. The 1.57 level is the bottom. We need to find a supportive candle here to continue higher. If we get that candle, we are more than willing to go long. If 1.57 gives away this will be very negative to say the least. EUR/USD — We had a shooting star on Thursday and we fell again. The 1.25 level came into play and gave us a little bit of support. So that does look from that sense. Looking at the longer term charts the Euro looks little bit toppy at this point. We could also suggest that we are towards the top of the channel. If we manage to break below the Friday session lows we think this pair will go much lower atleast to the bottom of the channel if not farther. With lots of headlines risk in Europe and America, so quite frankly we like selling on break of lows from Friday session.