The EUR/USD traded mixed since the recent increase from the 1.1200 support. The pair closed the day bullish. The resistance is seen at 1.1270, the support stands at 1.1200. If the price breaks the level 1.1270 upward the pair will grow to 1.1350. Alternatively, the EUR/USD will decline towards 1.1130.
The pound was softening during the European hours on Wednesday. The GBP/USD reversed in the North American session. Buyers managed to regain the 1.3200 level and pushed the price higher. The pair closed the day in green figures. The current resistance is seen at 1.3360, the support lies at 1.3200. The pair might extend its recovery towards 1.3360. We will place sell orders only if the instrument gets below 1.3200.
The pair is confined to the tight range between 103.50 and 102.20. After refreshing the daily high the pair turned around and decreased to the 102.50 area. The resistance is at 103.50, the support comes in at 102.50. We believe the pair will remain in a consolidation range and will go back and forth between the current support and resistance. Alternatively, the price will decrease to 101.50.
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