In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 20th session.
EUR/USD — The FOMC statement released on Wednesday session by the Fed caused a rally in this pair. This market could remain range bound between 1.14 and 1.11. The market has formed a "w" pattern, as you can see on the daily chart. Because of the dovish Fed, this pair could rise further higher. So, you can treat pullbacks as buying opportunities at the moment.
GBP/USD — You have a similar price action on this chart because of the dovish Fed. The market is pressing the 1.27 level for resistance. Also, the 50-day EMA will come into play, and offer resistance. To the downside, the 1.25 level is strongly supportive. Any break below this level is very bearish for the pound. Pay attention to headlines related to Brexit, besides the Fed.