In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 14th session.
EUR/USD — The Thursday session saw the bulls attempting to rally, but lost control of the market in the later part of the trading session. To the downside, the 1.12 level looks supportive. Also, the 50-day EMA could offer support. So, you should buy when the market gets closer to this level on signs of support like a hammer candlestick. It looks like the market has found the bottom as the Fed maintains a soft tone on monetary policy. So, selling is not recommended at the moment.
GBP/USD — The headlines on Brexit is not helping this pair at the moment. To the downside, the 1.25 level could offer support. You need to see a break above the 1.28 level to be convinced to buy this pair and the next target is the 1.30 level. You will see lots of back and forth movements at the moment.