GBP/USD Forecast: Downtrend resistance set to crush another recovery amid plethora of pound problems

July 1, 2020 Off

GBP/USD has rebounded amid end-of-quarter flows and upbeat US figures. Brexit, the Leicester lockdown, and doubts about Johnson’s plan may send sterling lower. Wednesday’s four-hour chart is showing downtrend resistance remains intact. A cat is said to have nine souls and also the volatile found its mojo amid end-of-quarter flows – but it may be…

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EUR/USD: Is Europe’s coronavirus advantage set to trigger further gains?

June 30, 2020 Off

EUR/USD has been advancing as investors shrug off rising US coronavirus cases. Europe’s relative success with curbing COVID-10, inflation figures, and other developments are eyed. Monday’s four-hour chart is painting an improving picture for the pair. Coronavirus is raging in America – Texas’ positive test rate has surged above 14%, Arizona and Georgia have reported…

By admin-445