EURUSD- Technical Analysis

The EURUSD pair has broken out of a symmetrical triangle towards the upside on a 30 minute time frame. If this pattern does play out completely, then it could push the price near the minor resistance level. The price is also trading above the 50 day and 100 day moving average. However, the RSI is…

Technical Analysis

GBPUSD- Technical Analysis

The GBPUSD pair is trading below its 50 day (shown in green) and its 100 day (shown in yellow) moving averages which suggest that the price is weak and this trend may continue. Moreover, the price action is also respecting its downward trend line and has been unable to break this line so far. The volatility for the pair is back to normal as the price action is trading within the Bollinger band.
However, the RSI is showing that the bias could be towards the upside.

Technical Analysis