In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 27th session.
EUR/USD — The market is now approaching the 1.10 level, which is the bottom of this consolidation zone. So, it makes sense that you can expect a
GBP/USD — The market is now looking at the 40-day EMA for support. Also, this little uptrend line could offer support. The investors are concerned about the Bank of England doing an interest rate cut. A break below this little bullish trendline is very bearish and the next target is the 1.28 level.