EUR/USD is testing the support zone. A bearish breakout below 1.1220 should send the currency pair back into a full downtrend.
The EUR/USD is testing the support zone. A bearish breakout below 1.1220 should send the currency pair back into a full downtrend. The GBP/USD bearish rejection at the 21 ema on the daily chart looks strong. A bearish continuation is expected.
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EUR/USD & GBP/USD Overview
The EUR/USD bearish breakout is expected to have a target at the 1.10 round level and 78.6% Fibonacci retracement level.
The GBP/USD bearish target is aiming at the round level of 1.30 and the next Fib at 1.2825.
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