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GBPUSD Technical analysis 03.08.17

GBPUSD

The pair is above 1.3195 support level as the results of the Bank of England interest rate meeting are expected to be released. We think that the rates are going to maintain the current level because the inflationary pressure is decreasing.

The price is above the middle Bollinger band, …

EURUSD Technical analysis 28.07.17

EURUSD

The pair is above the support level of 1.1665. The market is expecting the release of preliminary data on the United States GDP for the second quarter. If the data at least lives up to the prediction of 2.6%, it may result in a local support for the USD. …

EURUSD Technical analysis 27.07.17

EURUSD

The pair is trading above 1.1725 level as the results of the Fed’s meeting trigger another period of weakness for the USD. The bank’s press release shows the regulator’s remaining concern about the low inflation, which jeopardizes the next, already a third one this year, raise of the interest …

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