Posts Tagged ‘GBP/USD’

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EUR/USD and GBP/USD Forecast — April 2nd 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 2nd session. EUR/USD — As the yields in the US bond market fell a bit, the euro rallied slightly. So, pay attention to the yields in the US Treasury security. If the yields continue to rise, then the next support level could be located at the 1.16 level. You need to see a daily candle close above the 200-day EMA for a major move to the upside. […]

EUR/USD and GBP/USD Forecast — April 1st 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 1st session. EUR/USD — The trading session was initially bullish, then rolled over to give back the gains. A breakdown below the recent lows is bearish and the next support comes at 1.16. The yields in the US Treasury note need to fall for the euro to rise. There is a likelihood of another lockdown in France due to the coronavirus situation. The downside looks more […]

EUR/USD and GBP/USD Forecast — March 31st 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 31st session. EUR/USD — The euro looks very bearish as it broke below this support level. The 1.16 level could be the next support. A breakdown below this level is even bearish and the next level is 1.15. The yields in the US continue to rise and this could cause bearish pressure on euro. The 200-day EMA could likely […]

EUR/USD and GBP/USD Forecast — March 30th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 30th session. EUR/USD — The trading session was slightly bearish on Monday session. The 1.16 level could be tested for support. However, it looks likely to consolidate at the moment. The euro needs to recapture the 200-day EMA for a major move to the upside. GBP/USD — The pound looks resilient and broke above the 50-day EMA on Monday session. However, it fell […]

EUR/USD and GBP/USD Forecast — March 29th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 29th session. EUR/USD — The euro rallied slightly on Friday session. A breakdown below the lows is very bearish and the next support could be located at the 1.15 level. The 200-day EMA and the uptrend line could offer resistance. So, selling on signs of exhaustion will work. GBP/USD — The pound looks resilient as it broke above the 1.3750 level. […]

EUR/USD and GBP/USD Forecast — March 26th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 26th session. EUR/USD — The euro broke below the bullish trendline on Thursday session. The 1.16 level is likely to be targeted to the downside. The broken trendline could act as resistance. The 200-day EMA will come into play. To the upside, the market needs to clear resistance at the 50-day EMA. So, the downside looks more likely at the moment. GBP/USD — You […]

EUR/USD and GBP/USD Forecast — March 25th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 25th session. EUR/USD — The trading session was slightly bearish on Wednesday session. The 200-day EMA could be tested for support. A breakdown below the 1.18 level is very bearish and the next target could be the 1.16 level. So. short-term rallies that show signs of exhaustion are to be sold at the moment. GBP/USD — A breakdown below […]

EUR/USD and GBP/USD Forecast — March 24th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 24th session. EUR/USD — The euro has broken below the bullish trendline on Tuesday session. The 200-day EMA below could be tested for support. The 1.16 level is seen as the major support level below. You can make an argument for a bullish flag pattern, as you can see on the daily chart. The US dollar is gaining strength at the moment. […]

EUR/USD and GBP/USD Forecast — March 23rd 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 23rd session. EUR/USD — The euro is testing the bullish trendline for support. The market has been consolidating between the 50-day EMA and the 200-day EMA. A breakdown below the 200-day EMA is very bearish. You have the speech from Jerome Powell, the Fed President, in front of the Congress. This market is currently driven by the yields in the US Treasury 10-year […]

EUR/USD and GBP/USD Forecast — March 22nd 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 22nd session. EUR/USD — The euro saw a sideways price action on Friday session. The bullish trendline could be tested for support. A breakdown below the trendline is very bearish. Then the 1.16 level could be the next target to the downside. A break above the 1.20 level is very bullish. Pay attention to the yields in the US Treasury 10-year note. […]

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