GBPUSD & EURUSD Video Analysis & Forecast Video
This week we are going to be looking at two Dollar pairs markets. GBPUSD and EURUSD
GBPUSD has been in a uptrend and now we are seeing price range around between daily zones. On the supply side we have daily supply at 1.3234 upto 1.3347 and on the downside we have 1.2928 down to 1.2852 for demand. I believe that this is a continuation pattern and we will see price break supply and the highs as it continues to the upside. Yes, the market can do anything that it wants. But I see nothing right now that would say that we can’t easily see a retest of the highs. This week price will retest supply and the high so I think it will break it in the perspective of the up trend.
On EURUSD this week
Price has been trending up for the past few months. Price is still in a uptrend and I believe we will see price bounce off the daily demand zone at $1.2122 up to $1.2186. As it has bounced off this zone it came back down to support/demand. I believe that price will reform this new demand zone as the trend has broken up from the previous high at 1.2070 and will continue up. This new demand zone I think will form over the next few days / week. But the trend is strong with this market so far. And I expect to more continuation of the trend.
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