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The EUR/USD currency pair has moved closer to the resistance area of 1.1440/1.1450 for the fourth consecutive time, where quotes are trying to break through it, but there is a slowdown on a regular basis. This process of fluctuation has been taking place on the market for more than 120 hours, which suggests that the concentration of trading forces is off scale and this can lead to a sharp price movement in the event of a breakdown or rebound from the price area. Based on the above, you can put a trading forecast, which will be calculated on the tactics of "Breakout/Rebound" from the price range.
It is recommended to sell a pair at a price below the level of with the prospect of a movement to 1.1380-1.1350
It is recommended to buy a pair at a price above the level of 1.1470 with the prospect of a movement to 1.1495.
For the GBP/USD currency pair, there is a looping amplitude of fluctuations between the levels of 1.2515/1.2570, which allows traders to work on the pattern of rebounding from the specified boundaries. While this method works, we are moving towards the border of 1.2570, but it is worth considering that the main surge in activity will occur at the moment of breaking one or another frame [1.2515/1.2570], which will lead to the most impressive changes in the market. Based on the above, you can apply trading tactics based on the breakout of the specified boundaries.
It is recommended to sell the pair at a price below the level of 1.2510 with the prospect of a movement to 1.2480.
It is recommended to buy a pair at a price above the level of 1.2575 with the prospect of a movement to 1.2620.
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