In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 14th session.
EUR/USD — On Thursday session, the market was bearish. It took back all the gains from Wednesday session. The market is at the bottom of this consolidation zone. The 1.12 level below looks supportive. So, the market could see another bounce from here.
GBP/USD — The market is trying to establish support at the 1.28 level. This was previously held down by the downtrend line. The 200-day EMA is offering resistance. The 1.27 level below looks supportive. The market looks likely to resume to the upside towards the 1.32 level. But this market could become upset anytime due to headlines related to Brexit.