In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 4th session.
EUR/USD — The market fell hard on Monday session, but then showed signs of support. The 1.11 level is seen as the beginning of the supply zone. The market is trading in the middle of this consolidation zone. The Fed and the ECB are implementing a loose monetary policy. So, it could the favour the euro at the moment.
GBP/USD — The market is now testing the lower line of this ascending triangle pattern. The 1,30 level looks supportive. The week opened gapping lower. The market is reacting to speech from Boris Johnson and the Brexit negotiations. Pay attention to headlines related to Brexit negotiations at the moment.