Forex Market Update 25 Aug 2016

Image result for EURGBP

EURGBP was a prime mover yesterday as the euro went under weight no matter how you look at it and the pair hit its transient tech focus around 0.8485.

We’ve subsequent to been move down to 0.8535 so far before running into merchants again and that is pushed GBPUSD lower to 1.3203.

Request/support there has held so far and with EURGBP offers between 0.8535-50 this ought to set the tone for time being. A move underneath 0.8480 triggers a trial of the following enormous line at 0.8565.

EURUSD needs a break beneath 1.1245 to trigger further falls in that pair yet expect offers/res the distance into 1.1300.

Great two-way business again giving magnificent chance to GBP bulls and bears alike.

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