EUR/USD - Technical Report
From 1.0620 -just a few pips below our suggested entry point at 1.0640- the EUR/USD pair has collapsed towards the target mentioned in our technical updates yesterday at 1.0500. This psychological level has offered some kind of support and the pair has bounced slightly from it along with oversold sign on RSI14. In the interim, possible divergence appears on MACD and we will use it to suggest potential mild recovery today. A break below 1.0470 will damage these bullish chances.
GBP/USD - Technical Report
The GBP/USD pair has plummeted breaching through the important support-turned into resistance- at 1.5025 after it failed to re-test 1.5140. However, signs of recovery started to appear with the positive divergence forming on RSI14 along with price attempting to hit Linear Regression. Hence, we can use this corrective mode to suggest possible upside actions today.
Of note, 1.4890 should hold to protect this potential correction.