In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 27th session.
EUR/USD — The Wednesday session was slightly choppy for this pair. The 200-day EMA is offering support at the moment. The 1.1350 level also looks supportive at the moment and any break below this level is very bearish. To the upside, the 1.1450 level is the beginning of the supply zone. There is a change in mood in terms of sentiment from the Fed. However, this market looks bullish at the moment, and you can buy those pullbacks considering them as value.
GBP/USD — The pound is seen as a binary trade at the moment. To the upside, the 1.30 level is the target. To the downside, the 1.26 level is the target. There are no positive headlines on Brexit at the moment that could help this pair. So, play according to the direction of the breakout.