EUR/USD and GBP/USD Forecast August 27, 2020
from daily forex this is chris taking a look at the euro and the pound you can see the euro initially pulled back during the trading session on wednesday here but have rallied a bit as we go into the
Thursday announcement from jackson hole which is the jackson hole symposium it's panel speaking virtually at least uh is he going to try to push the dollar
Even lower probably uh but really at this point i think we're just kind of stuck between 119 to 117. looks like we make it make a move higher in anticipation of what he may or may
Not say but don't be surprised if we're still there at the end of the day so the british pound is interesting in the sense that we are definitely in a trading range
But it looks like it's got more of a chance of breaking out than the euro does pretty significant resistance barrier all the way to 1.35 i mean this is going to be a real fight
If you look at the weekly chart you can see just how we got slapped back here at 132.7 so although it looks bullish i think you need to buy pullbacks just to give
Yourself a running room i think 130 is your floor at the moment but but clearly there's a dog fight going on here
