the EUR/USD broke below the 1.09 support zone and is showing strong bearish momentum. The GBP/USD retested and bounced at the 1.25 resistance zone.
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The EUR/USD is aiming at the 1.0750-80 zone. A bearish breakout confirms the downtrend.
The GBP/USD breaks and closes below 1.24 for a downtrend continuation towards 1.2250.
Check out the video below for the full analysis and trade plans on 6-8 May 2020:
EUR/USD, GBP/USD technical analysis