Since last week Thursday, we've seen a total fall in Bullish momentum for the USD. This has given rise to a quick recovery for the GBP. Also in addition to recent Fundamentals, the GBP hold a stronger position against the USD. But GBP will have to break through the 1.2040 resistance area to make a confident bullish run.
After being on the downside for months, EUR manage to make a strong pullback when the 1.0000 support area was broken through, which had not been since 2002. EUR was able to consolidate at that point before making a forceful upward movement that saw the formation of head and shoulder, which strongly indicate a temporary reign of the bulls. A good time to...
