Hi Traders,
the EUR/USD is testing the 21 ema zone after breaking above 1.19. Will it bounce or break? The GBP/USD is building a consolidation zone between 1.3250 and 1.33.
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The EUR/USD needs to break above the 1.19 resistance again before a push higher to 1.20 is possible. A break below the 21 ema could send this pair lower to test 1.1725.
The GBP/USD remains bullish above 1.3280, which is the key bull – bear line.Β
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Good trading,
Chris Svorcik
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