Blogs

EURUSD Breakout Nearing

Forex

<p>The euro currency is appearing increasingly bullish against the US dollar, with the pair continuing to press against the 1.1000 resistance level. EURUSD bulls now need to break above the 1.1030 level to encourage technical buying towards the 1.1070 resistance level. Short-term traders will only start to turn bearish towards the EURUSD pair

GBPUSD Bullish Above 1.2270

Forex

<p>The British pound has pulled back towards key technical support against the US dollar currency, following bearish news surrounding the UK economy. GBPUSD bulls need to stabilize price above the pairs 50-day moving average, around the 1.2270 level, to encourage technical buying towards the 1.2600 level. Overall, further short-term gains sho

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