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The EURUSD and British Pound analysis
The EURUSD and British Pound analysis
Posted

By - Jamel Lahiani

Posted - 12-07-2019
  • The US Dollar is trending but waiting for an important publication from the US Bureau of Labor Statistics.
  • The British Pound is ranging volatile, the trend is finished.

The EURUSD pair has recognized a nice bullish movement which is stopped today. We can see the resistance line in red. This, because we have strong information to be published by the US Bureau of Labor Statistics relative to the consumer price index and job claim in USA. We have to wait till this publication for suitable decision. We can expect a significant breakout or a pullback leading to important movement of the chart. The information will be published from 12 H GMT.

GRAPHIC 1: EURUSD 1 HOUR PRICE CHART (JULY 11, 2019)

Today the bullish movement of the GBPUSD due to the good performance of the British industry is finished. We can see the support line in green and the resistance line in red at the level of 1.25389. The market is sideway volatile; a good decision can be to sell at the level of the resistance.

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