Trade negotiations between UK and EU failed. Euro to continue falling

Signals for the EUR/USD pair:

If the pair breaks through at 1.0849, the euro is likely to increase to 1.0895 and 1.0923

A breakthrough at 1.0808 may lead to a sell-off of the euro in the area of 1.0772 and 1.0727.

Signals for the GBP/USD pair:

If the pair breaks through at 1.2119, the British pound may rise to 1.2170 and 1.2225

A breakthrough at 1.2077 may lead to a sell-off of the British pound in the area of 1.2030 and 1.1927

The following fundamental data is set for release during the day:

  • Bundesbank monthly report
  • UK Leading Indicator Index
The material has been provided by InstaForex Company - www.instaforex.com