Technical analytics

The ask tone around the GBP pushed the major to the lower limit of the current range.

The softer tone in the US Dollar allowed the euro to reverse some losses. 

The EUR/USD pair remained neutral-to-bullish flirting with 1.1750.

The GBP/USD pair remained neutral-to-bearish staying in a tight range below 1.2900.

Fresh bids around 108.50 helped buyers to return some ground. 

Buyers tried to regain 0.7950 but failed. 

Bulls gave up control after touching 1300.

Brent rallied on Friday amid fresh buying momentum. 


DAX opened in the red on Monday.

NASDAQ continues to suffer the persistent weakness.