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26.02.2020: Forex Analysis & Reviews: Sterling bulls push GBP upwards to 1.30. EUR set to extend growth. Video forecast for February 26

The euro and the pound sterling have been gaining ground against the US dollar with prospects for a further uptrend. EUR and GBP find support amid the lack of fundamental data from Europe. So, the bulls are developing the upward correction for the risky assets. Meanwhile, a slump in the US stock market is putting pressure on the US currency.

Technical signals for EUR/USD:

A breakout of 1.0895 will take the euro upwards to the area of 1.0925 – 1.0950.

A breakout of 1.0865 will trigger sell-offs of the euro in the area of 1.0835 - 1.0807.

Technical signals for GBP/USD:

A breakout of 1.3006 will encourage the euro's advance to the area of 1.3036 - 1.3066.

A breakout of 1.2970 will trigger the sell-offs of the sterling in the area of 1.2930 - 1.2889.

Fundamental data:

ECB President Christine Lagarde is due to speak

US new home sales

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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