The USD is mixed, slightly higher against the EUR, unchanged against the AUD and down against GBP which has been very volatile yesterday when firstly GBP fell but then turned out very strong after the UK denied earlier notes about 45-55 billion divorce bill. We see cable trading at 1.3400 and even high making a throw-over in an Elliott wave ending diagonal where we still need an impulsive drop towards 13200 before we may confirm a reversal. If we get a turn, a nice one, I would be interested to look for opportunities within downtrend.

GBPUSD, 1h

Regarding the EURUSD pair, we have seen price testing some interesting support at 1.1830/60 after an a-b-c fall from the high. Ideally that is a corrective wave, a temporary turn, which can cause a new push to the highs, but only if 1.1918 bullish level is broken.

EURUSD, 1h

 

Print Friendly, PDF & Email

Related Posts