In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 18th session.
EUR/USD — The trading session was initially bullish, but then the market just rolled over. The volume was thin due to the US Presidents' Day celebrations in the US. The market looks very bearish and selling rallies that show signs of exhaustion will work. The 1.09 level is seen as the beginning of the supply zone. To the downside, the 1.0750 level is the target.
GBP/USD — The pound looks more bullish than the euro. The 50-day EMA needs to be cleared. To the upside, the 1.32 level, and the 1.35 level are the targets. The 1.29 level below looks supportive. So, pullbacks are buying opportunities at the moment.