EUR/USD Corrects Gains, GBP/USD Could be in Breakout-Mode

Bullish momentum faded in the EUR/USD and thus, the 1.1670-level remains a short-term resistance for buyers. The pair reversed on Monday and tested the 1.16-support on its hold. We now see a next lower support zone around 1.1570-60 that could be tested before a pullback is due.

GBP/USD Time for a break-out?

The cable traded in a narrow range recently which is why we now watch out for upcoming price breakouts. A renewed break above 1.3775 could spur bullish momentum towards 1.38 and possibly even 1.3830. Below 1.3740 we see chances of a bearish move towards 1.3650.

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