EUR/USD & GBP/USD 1HR analysis

EUR/USD

As mentioned last week that the light blue zone will be able to hold the EUR/USD from falling further and has seen to consolidating around the area. Based on the 1hr chart, there is a possibility that EUR/USD might trend slightly lower to flush out longist before rebounding higher. Will be looking out for signals to go long on this pair.

GBP/USD

Despite GBP/USD bounced off  strongly from the 78.6% Fibonacci retracement on Friday night, there is still a possibility that GBP/USD will head towards 1.51 before rebounding higher. Will be looking out for signals to go long on this pair.


The strength in USD for the past 2 weeks has been strong and has made EUR/USD and GBP/USD to trend much lower. With reference to other USD pairs such as USD/JPY and USD/CHF, there is a good possibility that the US Dollar is likely to trend slightly higher before coming down. This implies that EUR/USD & GBP/USD might fall slightly lower before turning up.

Do note that all analysis are my personal views and opinions. If you would like to trade, please consult your authorized brokers and use all available analysis at your own discretion.

Good luck in the upcoming week in your trading. :)