the EUR/USD could be ready for a bullish ABC zigzag and Fibonacci pattern. The GBP/USD remains under bearish pressure unless it breaks above 1.25.
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The EUR/USD is expected to make a pullback and bullish bounce. A rally could take place if price is able to break above the moving averages.
The GBP/USD remains bearish if price action would bounce at the 1.25 resistance.
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EUR/USD, GBP/USD technical analysis