Technical analysis of EURUSD
EURGBP got a boost
Information is not investment advice
On H1 of EURGBP, the pair has been moving up. RSI indicator is near the overbought area but hasn't crossed it yet. Additionally, on H4, RSI hasn't reached the overbought territory. It signals a possible continuation of the rise. We can anticipate an upward movement at the level of 0.9149. The targets are placed at 0.9165 and 0.9178.
If the pair moves down, the fall will be confirmed at 0.9127.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.