Technical analytics

The pound remained under pressure due to the bid sentiment around the dollar. 

The US dollar stalled its recovery on Tuesday. 

The pound recovery stalled around 143.00. 

The euro failed to sustain its recovery and moved back after touching 130.00. 

The pair faced selling rejection around 0.7330.

The bid tone around the US dollar pushed gold to the 1270 handle.

The short term picture favors the downside. 


Bulls tried to extend their gains on Tuesday.

EUR/USD bounced from 1.1750 and EMA100 on Friday. 

When buyers failed to leave the current range sellers decided to take their chance again.