Technical analytics

GBPUSD market technical outlook

EURUSD

 Daily chart:

Downswing was triggered, therefore most likely we’ll see continuation of the quotes’ decline in direction of the last local low (1.2786).

 

H1-chart:

Local structure has tangible bearish momentum, therefore we can expect a start of new downswing after testing of PPZ 1.2923. Intraday target is support 1.2844.

 

Conclusions:

Pullback to 1.2923 and then decline towards 1.2844.

Trading recommendations:

Shorts from 1.2923 to 1.2844.

 

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