After a long consolidation period between 1.2300 and 1.2500, EUR / USD finally moved into a mild bearish mode.
The key support zone is at 1.2000, it will take a lot more than the usual daily information that we have available to track, that the EUR weakens below 1.2000.
I believe that the key item for reversing the trend will be the FOMC decision this week, where we will be able to see the continuation of monetary policy, but I do not think that EUR / USD should go below 1.2000, because we are still in bulish orientation for EUR / USD.
GBP / USD weakened Friday after disappointing GDP data, so I think that GBP will sink a little before it finds some support zone, but I think the first support zone will be around 1.3650
The key support zone is at 1.2000, it will take a lot more than the usual daily information that we have available to track, that the EUR weakens below 1.2000.
I believe that the key item for reversing the trend will be the FOMC decision this week, where we will be able to see the continuation of monetary policy, but I do not think that EUR / USD should go below 1.2000, because we are still in bulish orientation for EUR / USD.
GBP / USD weakened Friday after disappointing GDP data, so I think that GBP will sink a little before it finds some support zone, but I think the first support zone will be around 1.3650
