Hello traders, this is the 13.00 GMT intraday technical view
EurUsd followed the trend set by the other majors on Friday and after it traded around Friday’s low in the Asian session it started to loose ground at the start of the European session and covered more than 100 points until now, reaching a Fibonacci Expansion level set at 1.4560. After failing to stay above 1.4700 the pair’s midterm trend has changed to the downside.
GbpUsd continued to loose ground today after the big drop on Friday, it opened with a gap and pushed lower towards the 2.0700 level covering close to 200 points in just a few hours. For the Us session we expect this move to continue after a smallintraday retrace perhaps to the 2.0765 are which is the 50. Fib line of today’s move.