EUR/USD and GBP/USD Forecast September 9, 2020

by birtanpublished on September 27, 2020

from daily forex this is chris taking a look at the euro and the pound and you can see that the euro has pierced this kind of it's it's really just it's a sloppy trend

Line that's the only way i know how to describe it and at this point um you know i i do think that this could kick off something a little bigger down to 117. now 117 will

Attract a lot of attention because of the 50-day ema but it should be noted that the us dollar was strengthened against almost everything and the us dollar index looks like it is going to bounce

That's the case we could break down to 115. regardless of what you choose to do i'd use about half a position and that is definitely true over here in the british pound this looks horrible this is all about brexit you know we had

Forgotten about that nonsense for quite some time but here we are again if we break down below the low of the day i suspect we're going to go to 127.50 rallies are probably sold into i might

Be convinced at 131 to start buying again but that's going to take probably some type of news out of either the eu or the uk that they're going to sing kumbaya and at this point i just don't see that

Happening they're playing games again so i suspect we're gonna go back down here to try to find support

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