In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 17th session.
EUR/USD — The euro tried to rally on Friday, but it then turned around to form a negative candlestick. So, it looks like it could continue with the downtrend. To the upside, the 1.09 level is the beginning of the supply zone. So,
GBP/USD — The pound is showing some resiliency and rallying at the moment. The 1.30 level is a large round number. So, it should offer strong support at the moment. The big players are buying on dips at the moment. Hence, it is the way to go at the moment. Keep in mind that this market is dominated by headlines on trade negotiations between the UK and the EU. To the upside, you can aim for the 1.35 level as the